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  2. Owner financing: What it is and how it works - AOL

    www.aol.com/finance/owner-financing-works...

    Owner financing agreements can be structured in a number of ways, including as a second mortgage, a rent-to-own contract or a wraparound loan. Owner financing tends to benefit the seller more so ...

  3. Seller financing - Wikipedia

    en.wikipedia.org/wiki/Seller_financing

    When used in the context of residential real estate, it is also called "bond-for-title" or "owner financing." [ 1 ] Usually, the purchaser will make some sort of down payment to the seller, and then make installment payments (usually on a monthly basis) over a specified time, at an agreed-upon interest rate , until the loan is fully repaid.

  4. Loan agreement - Wikipedia

    en.wikipedia.org/wiki/Loan_agreement

    Loan agreements are documented via their commitment letters, agreements that reflect the understandings reached between the involved parties, a promissory note, and a collateral agreement (such as a mortgage or a personal guarantee). Loan agreements offered by regulated banks are different from those that are offered by finance companies in ...

  5. Lease purchase contract - Wikipedia

    en.wikipedia.org/wiki/Lease_purchase_contract

    Combines elements of a traditional rental agreement with an exclusive right of first refusal option for later purchase on the home. It is a shortened name for Lease with Option to Purchase Contract. The lease purchase agreement expounds upon what responsibilities the tenant/buyer and landlord/seller undertake during the course of the lease.

  6. Personal contract purchase - Wikipedia

    en.wikipedia.org/wiki/Personal_contract_purchase

    If the owner defaults on the payments, the finance company has the legal right to repossess the vehicle. At the end of the agreement, the customer either pays the balloon payment and takes full ownership of the vehicle, or the vehicle is returned to the finance company without any further liability. [1]

  7. Land contract - Wikipedia

    en.wikipedia.org/wiki/Land_contract

    In contract law, a land contract, (also known as contract for deed or agreement for deed), is a contract between the buyer and seller of real property in which the seller provides the buyer financing in the purchase, and the buyer repays the resulting loan in installments.

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