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how do you refinance a seller-financed home?

I bought a house about a year ago and the seller financed, but my plan has always been to refinance at some point soon... how does it work to refinance my house if it was seller financed before? by graceteller78 from Phoenix, Arizona. Aug 12th 2010 Reply


Jake Belcher (JakeBelcher)
#18 ranked lender in Kansas - 87 contributions

Do you have a note with the seller that sold it to you or a contract? Also would need to show 12 canceled payment checks from you. Where you recorded onto the deed? Give me a call and fill me on on these details and I can guide you through it. 866-974-6736 x 137. Thanks Jake B

Aug 12th 2010
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Akali Dennie (adennie)
#54 ranked lender in Florida - 196 contributions

As long as you are currently on the title to the home, you can refinance the existing loan which would pay off the seller note. Freedom Mortgage is a National Direct Lender and funds loans in all 50 states. Please email me directly for a FREE quote. adennie@fmbranch.com.

Aug 13th 2010
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Brett Pehrson (brettpehrson)
#19 ranked lender in Utah - 228 contributions

Lew gave you a good answer here. Just don't confuse a Seller-Financed property with a Lease-Option. As long as you're on title, it works the same as any other refinance. If you have more questions, you can contact me at http://www.homeloansinutah.com/forms/askAnExpert.html

Aug 12th 2010
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