: 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.
: If you can't refinance when the balloon payment is due, you could lose the property and all the equity you've paid in. b&b buy here pay here
: You make your "mortgage" payments directly to the former owner rather than a financial institution. : Many seller-financed deals are short-term (e