Vendor financing is not a new concept in Australia. I know and most of you know that this has been in practice for more than a century. It has emerged as a reliable tool for most residents to buy property making use of funds that come from the seller.
This process is a feasible alternative for individuals who are not eligible to acquire loans for whatever reasons there are. Keep in mind that you can avail of vendor finance if you belong to any of the following categories:
You do not have adequate cash to put up a considerable amount of deposit.
You cannot show evidence of permanent earnings or salaries.
You have bad credit ratings.
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