How does owner financing affect your credit oppose to financing your home through a bank?
Filed in Personal Finance on May.05, 2008
I bought my house by financing through the owner (Owner financing) because my credit was not great. I have never had anything repossesed or any major credit problems. Yet my credit is not all that great. I am wondering if it has to do with not financing my house through a mortgage company.
By: Gordo
About the Author:
By: Gordo
About the Author:
May 7th, 2008 at 8:10 am
Chances are that private lenders do not report your loan and payment history to the credit bureaus.