What type of financing do I get after a lease option or owner financed home deal?
I am planning on doing a lease option or owner financed home deal with a home seller. I wanted to know would I be refinancing, doing a conventional loan or other type of financing after the terms of the deal are up. Also is it harder to get financing after a lease option or owner financed home deal. He said that I would refinance but how do I qualify for a refinance when I don’t own and just pay the seller the mortgage. Any and all your comments would be great in helping me understand this process. Also the house during the term of the deal will be put into a Land Trust. Could someone help me with my questions. Thanks.