Seller financing

[Malcolm Brown]

New to the business, I've done a lot of research, and I've ran across the ideal of using seller financing. From what I understand, purchase the property using seller existing financing from the bank for a agreed period of time. The seller gets  a small down payment, while the buyer give a large down payment. While me the investor collects the difference of the two down payment. Good for buyer who want to buy the house now, but credit isn't worthy of the bank. Can anyone further explain this too me, or correct me if I'm wrong?