Real Estate has a lot of different financing options when buying a home. There is the traditional method of getting a loan through a large brand name bank or mortgage lender who will ask you a series of qualifiing questions and request documentation in order to qualify. Another option is to have the seller carry back a portion or all of the financing on the home. This is often referred to as seller financing or seller carry back where the owner of the property is acting like the bank and lending you the loan on the house with their equity.
There are a lot of advantages to this. First, there is less of a qualification process when you are dealing directly with the owner instead of a traditional bank. For those with less than perfect credit this can
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