seller financing

Financing, Hard Money Lenders, Private Money
1

OK, say the seller agrees to sell a portion or the entire purchase of a house, how does this effect my ability in the future to obtain more credit(specifically for mortgages)?

Does this show up on credit reports (like when you use traditional financing)? Will lenders be able to see a sellers note?

Thanks for your input!

gregg- Tucson

2

It will show up under “Notes Payable” on any personal financial statements that you fill out and submit. That is of course unless you don’t put anything under that category. But if you plan on continuing to do business with a certain lender it is probably best if you disclose that information.