Wealthy home sellers are acting as the bank for their buyer

Wealthy home sellers are acting as the bank for their buyer

As mortgage rates have soared, seller-financing has become more popular, particularly for higher-end properties.Patrick T. Fallon / AFPHigh mortgage rates have revived interest in creative financing options, including seller financing.Home sellers offering loans to their buyers is increasingly common in higher-end transactions.It appeals to self-employed or cash-rich buyers, as well as sellers looking for an edge in the market.Carson Austin bega…