The Complete Guide to Owner-Financed Mortgages
A practical guide to understanding owner financing, mortgage notes and what happens after the papers are signed.
Sometimes the best information comes from someone who has spent decades actually doing the work.
The Complete Guide to Owner-Financed Mortgages was written by Steve Whitlock, founder of American Equity Funding, Inc. Steve has worked in the note-buying industry since 1989, and his company has purchased more than 10,000 notes.
He took that experience and put it into a book designed to make owner financing easier to understand.
What Is Owner Financing?
When a property owner sells real estate and finances the sale instead of requiring the buyer to obtain a traditional bank mortgage, the seller essentially becomes the lender.
That arrangement can go by several names, including owner financing, seller financing, a privately held mortgage, contract for deed, land contract or deed of trust.
It can be a useful way to sell property, but it also comes with questions.
How should the note be structured? What makes a mortgage note valuable? What happens if the seller later decides they would rather have cash than monthly payments? Can the note be sold? And what affects how much someone will pay for it?
Those are the kinds of questions this book was written to answer.
What’s Inside the Book?
The Complete Guide to Owner-Financed Mortgages walks readers through the basics of creating and understanding an owner-financed mortgage and explains what can affect the value of a real estate note.
It’s written for real people, not just financial professionals.
Whether you’re considering selling a property using owner financing, already receiving payments on a mortgage note, or simply trying to understand how seller financing works, the book provides a practical place to start.
About the Author
Steve Whitlock founded American Equity Funding, Inc. in 1989. Since then, the company has purchased more than 10,000 privately held real estate notes.
His experience working directly with note holders gives him a perspective that goes beyond theory. The book draws from decades of real-world experience helping people understand the notes they own and the options available to them.
Why You’ll Find This Book on Going Out The Door
At Going Out The Door, much of what we do happens behind the scenes.
We help businesses tell their stories, market their expertise and turn years of knowledge into something other people can actually use.
Sometimes that becomes a website. Sometimes it’s a campaign.
And sometimes, it’s a book.
The Complete Guide to Owner-Financed Mortgages is one of those projects, and we’re happy to make it available here.
Get Your Copy
If you own an owner-financed mortgage, are considering offering seller financing, or simply want to understand how mortgage notes work, The Complete Guide to Owner-Financed Mortgages is a practical resource to have on hand.