Usually an easy decision as they weren't all good fixed rate long term conventional anyway. 

Credit is important because that will help you get the better rates when applying, Assets are needed to help you be flexible with your purchasing options because depending on the assets you have you can enter the market at 3.5% -5% or 20%.

Hi Austin,It all just depends on what the seller is willing to offer for rate/terms, and how this compares to traditional financing options.

You get their low, low interest rate, 3%, 4%.

Hi All, What is the best way to find out about crime rates in various cities? 

This is the ‘market’ cap rate!

I am paying him $510,000 at 4.5% rate over 10 years.

To assess safety, look at crime rates online and visit the area if possible. 

In addition to identifying owner-financed homes, they can negotiate better interest rates and terms with the seller and assist you in completing the transaction.

So, the seller gets the benefit of charging you a higher interest rate for a loan they did not originate.