Austin Real Estate Update

Owner financing has been around for many years.  Though Sellers and Real Estate Agents advertise Seller Finance or Owner Financing, they most likely mean Lease purchase, subject to's or mortgage wrap.

Through the 1990's non-qualifying assumptions were most popular.  Since then, creative financing has gone from lease purchase, lease to own, lease option to mortgage wraps.

Mortgage wraps are currently to most popular way to purchase a home.  You can buy a home with no credit, bad credit, being self-employed and close within 7 days.  Plus, the Deed is transferred over into your name.  Unlike the older versions of lease options and lease purchases, both the buyer and seller feel more comfortable with the process and are more likely to go through with it.

There are many ways to structure mortgage wraps though most seem to follow similar terms.

For more information about mortgage wraps or owner financing in Austin, Cedar Park, Leander, Pflugerville or Round Rock, Texas - Call Premiere Team Real today at 512-345-1919.