Seller financing an option as home buyers face riding mortgage interest rates

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Seller financing, big in the 1980s when interest rates were in the double digits, is making a return.

Allison Pries | NJ Advance Media for NJ.com

It wasn’t long ago that buyers were waiving home inspections and making up the difference on appraisals that came in below their offer. But higher interest rates have changed the home buying game. Now it’s sellers who are sweetening the deal. And one emerging trend is sellers helping with financing. That typically means one of two things: Sellers pay to help the buyer get a lower interest rate or, in some cases, the seller gives the buyer a private mortgage.

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