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Owner will Finance
  What are the pitfalls of buying /owner/builder will carry loan?
 
  I don't know of any pitfalls, but I'd have my own lawyer look over any mortgage document I signed.  Make sure you don't have any prepayment penalties, thta you have a grace period before late charges would accrue, and that if you get an adjustable mortgage, you understand what can and will happen to your interest rate.
    Edith
Originally published on November 14, 2007
 
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