What is seller financing?
Also called a purchase-money mortgage or seller carryback: the seller lends the buyer part of the purchase price and collects payments over time, common when institutional debt is expensive or unavailable.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.