: Instead of a bank providing a mortgage, the person selling the B&B acts as the lender.
In the context of a B&B, BHPH is essentially (also known as owner financing). b&b buy here pay here
: Many seller-financed deals are short-term (e.g., 5 years). At the end of the term, a "balloon payment" for the remaining balance is due, usually requiring the buyer to refinance with a bank at that point. : Instead of a bank providing a mortgage,
: Sellers often charge 1–3% more than current market mortgage rates to compensate for the risk of not being a bank. b&b buy here pay here