Can a home with a mortgage be owner financed? and Climate Finance Summit rally

Can a home with a mortgage be owner financed?

We have a buyer who would like to owner-finance our home; however we still have a mortgage. Will we have to pay off the mortgage or can we pay it off when the balloon payment is made at the end of 5 years?


Finance best answer:

Answer by Mrs HarleyBrat
yes yes and yes HOWEVER if your renter/owner doesn't make the payments are you prepared to? Can be a not worthwhile proposition as well for you. You'd be better off selling to someone who can finance you otu completely and actually get a loan - not someone who no one will give a loan too - so why should you take the risk when the lender doesn't feel they'd make the payments? Good Luck

Finance

Climate Finance Summit rally


Image by Friends of the Earth International
On Dec 3rd, 100's of demonstrators took to the streets.
Photo credit: Hemantha Withanage (FoE Sri Lanka)

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