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I don't like seeing people flushing their money down the drain each month on rent. That's why I show people how to own their own home by Finance in  Dallas, Texas with absolutely no credit check.  If you are tired of rentling and you are ready to become a homeowner then you are in the right place.

Just click here to be immediately taken to my website to see my list of available Owner Financed Properties available with No Credit Check.

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What Is Owner Financing? 

The Nuts and Bolts Of Dallas Owner Financing

Owner financing in Dallas, occurs when the owner of a home finances all or a portion the sale of his or her own property. This is often referred to in real estate ads as "Owner Finance", "Owner Will Carry" or "Seller Financing".

This means that the owner of the property will, in effect, act as a bank and loan the purchaser all or part of the money needed to purchase the owner's property.

What Is A Deed Of Trust? 

In Texas we use what is called a Deed Of Trust. In some states it may also be called a Trust Deed. It's the same document with a different name.

It is the security for your loan. It is the document that is recorded in the public records. This document allows the seller to reclaim the property if nonpayment of your loan.

A deed of trust contains three parties:

* The Trustor, which is you, the borrower

* The Trustee, which is an entity that holds "bare or legal" title

* The Beneficiary, which is the lender

The deed of trust is an instrument that identifies the following:

* Original loan amount

* Legal description of the property being used as security for the mortgage

* The parties

* Inception and maturity date of the loan

* Provisions of the mortgage and requirements

* Late fees

* Legal procedures

Debt To Income Ratio

Your debt-to-income ratio is a measure of risk. Creditors want to know that you'll be able to pay them back in a timely and consistent fashion. Read on for more debt to income ratio information.

This is a very simple concept and practise to always refinance your home loan for better package when it is available. In Malaysia, foreign banks are moving in and you should expect more and more competitive mortgage offer available to you. Banks only make profit after a few years you pay the installment because they need to recoup the acquisition cost at initlal years.

You will find all the relevant resources and articles about mortgage refinancing in