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If you're in the market for a new home, you have several options available to you. Two popular options are owner financing and rent to own. Both can provide a path to homeownership, but they differ significantly from one another and come with their own unique pros and cons.  Owner Financed Mortgages: A Closer Look   In an owner-financed mortgage, the current homeowner acts as the lender. Instead of getting a loan from a traditional bank, you'll make payments directly to the seller. The seller is then responsible for collecting payments and using the property as collateral. Usually, the seller will charge a higher interest rate than a bank would, as they are taking on the risk of lending you money.   The advantages of ...