B&b Buy Here Pay Here Access

: Buyers and sellers can negotiate their own interest rates, down payments, and schedules without rigid bank rules. 3. Key Financial Considerations

: Ensure the loan is publicly recorded to protect both parties' interests.

: Sellers often charge 1–3% more than current market mortgage rates to compensate for the risk of not being a bank.

: Instead of a bank providing a mortgage, the person selling the B&B acts as the lender.

: Many seller-financed deals are short-term (e.g., 5 years). At the end of the term, a "balloon payment" for the remaining balance is due, usually requiring the buyer to refinance with a bank at that point.

: If you can't refinance when the balloon payment is due, you could lose the property and all the equity you've paid in.