Owner carry has been around since the beginning of time. It is annoying to review posts where experts provide their keen insights on a topic they apparently do not know a lot about.This article is going to discuss 3 prevalent myths that are perpetuated. The three myths are: owner financed homes will carry a higher interest rate, seller financed homes are difficult to find, and lastly, only financially strapped sellers sell owner financed properties.1st Myth Trampled: While it may be true that owner financed homes may carry a higher interest than what a typical lender can offer for a loan, this does not have to be the case, and in my dealings, has not been the outcome. The terms of the loan including, but not limited to, the interest rate, loan amortization length, balloon payoff, principal and interest, or interest only, etc are all completely negotiable between buyers and sellers. There are really no rules and both parties are completely free to do what they would like.2nd Myth Squelched: Again, yes, it can be true that an owner carry home is seemingly more difficult to find than a home with mass advertising, it is not beyond belief to find. The main reason most folks never buy a home with owner financing is because they do not know how to seek and find. What we have is less than expert, professionals making false claims to fatten their pockets, yet they have probably never offered to buy owner financed. I will, however, be the first to tell you most seller financed properties are not advertised as such. Most owner carry deals are hand crafted between two parties.Third Myth Squelched: The belief that only sellers in financially strapped situations choose to seller finance their homes is incorrect. I understand there are many homeowners near you who would be joyous to move their home and earn a regular monthly payment from you, while earning monthly cashflow from their principal by holding the financing. Untold numbers of mutual fund investors have seen their principal be slashed over the last 18 months. Their dividends are far from certain, and nothing is guaranteed. Just receiving of that constantly flowing income stream is advantageous for most people.