Not exact matches
This method can provide borrowers with access to capital they may not have received
through more
traditional means, and higher returns on investment for
lenders than they would
get from a savings account.
With tightened mortgage rules and stiffer lending practices, many would - be investors can't
get funding
through traditional routes (such as banks or mono -
lenders).
You might be able to
get a car loan without going
through a
traditional lender such as a bank, building society or credit union.
Being able to
get through the closing process at a quicker pace and not having to pay any extra
lender fees are nice perks that you might miss out on with a
traditional bank.
Seller financing is when you acquire a property but instead of
getting a mortgage
through a
traditional lender (like a bank) you instead
get financing from the seller themselves.