donotpay is an excellent source of information for learning more about the owner finance contract for deed. you can choose between three types of owner financing options in real estate and select the one that suits your needs the most. in this case, the seller makes a note with the borrowed amount and repayment terms. the mortgage ensures the seller with the property if the buyer fails to repay a loan. the process begins with the buyer leasing a home for some time while having the option to buy. contract for deed owner financing is the middle ground that comes with protections for both the buyer and the owner. the main difference between a mortgage and a contract for deed is that the seller remains on the title until the buyer repays the entire debt.