Are you looking to buy a house but feel you may not qualify for a mortgage through a conventional method; well this article may be just what you need to buy your home or investment property.
What is Owner Financing in Canada a.k.a (vendor take back)? Owner Financing in Canada is when the seller agrees to finance the deal as if he is the bank, it is a win- win situation both for the seller and the buyer. There are many benefits for both parties, if you are the buyer, you do not need to worry abut qualifying for a mortgage, you do not have to worry about a credit check (especially if you have credit issues), you can have a long term mortgage, more flexibilities with closing dates and more.