: Disclosure of any large lump-sum payment due at the end of the term. Responsibilities & Disclosures :

: In many jurisdictions, the contract should be recorded with the county recorder's office to protect the buyer's interest. Common Risks

: Include a breakdown showing how much of each payment goes toward interest versus principal.

: Monthly payment amounts, total number of payments, and the length of the loan.

: Disclosure of any existing mortgages or limitations on the property. Critical Steps for Buyers

: The annual percentage rate (APR) charged on the loan balance.

A list of who specialize in seller-financing.