Advantages Seller Financing Offers you as the Buyer
- Allows greater flexibility since the terms and conditions are established by the seller and the buyer.
- There are generally no lender fees, loan fees, or points charged for Seller Financing, thus the buyer pays less in closing costs.
- With a neutral third-party servicing the seller-finance transaction, you prevent potential conflict with the seller.
- Establish credit by making timely payments on your seller-finance transaction.
- Paying on time made easy. LoanCare's hassle-free payment options include Automatic Debit (the safest and most secure method), monthly billing, Pay-By-Web, and Pay-By-Phone.
- LoanCare accurately tracks payments, calculates remaining principal and interest, tracks and updates you on the status of your mortgage, and reports annually to the IRS interest expense paid (Form 1098) by the buyer.
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