Seller Carry Back Financing When Purchasing a Mobile Home

Courtesy EzineArticles: Home Equity Loans  Wed, 10/28/2009 - 09:04

In these difficult economic times, there are not many things more enticing to a prospective buyer than seller carry-back financing.

This financing allows the buyer to forego the inconvenience of single-family home financing, along with a degree of insurance against fraud, and will often feature an interest rate that is sub-par and a longer financing term.

However, it is important to understand that seller carry-back financing is a trap often used by sellers of mobile homes.

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