Welcome to creative financing

A land contract is similar to seller financing except you don’t actually

get the legal title to the property until after you meet the terms of the

contract and pay off the balance owed to the seller. Once paid in full,

you get the deed.

Of all of the creative financing strategies we’ve discussed in this

guide, a “lease option” or what’s more formally called a “lease with

the option to buy” is perhaps the most flexible structure of all. They’re

easy to get into and they’re easy to get out of for both the buyer and

the seller.

A wraparound mortgage is a home loan that allows the seller to maintain their existing mortgage while