Creative New Ways To Buy A Home
Tuesday, 23 June 2009 19:00
A traditional bank mortgage isn't the only option for purchasing a house.
Even though mortgage rates are at near 30-year lows, some homebuyers are completely avoiding banks and getting below-market rates--even without credit or income qualification.
C21GT.com: What's the saying? Everything old is new again? These ideas are new to today's market of relatively easy financing, but they have been around before. Still alternative financing options are definitely something to consider for the right buyer(s).
The article covers 10 alternatives. Some like using stock or other securities and the family loan will probably become a bit more common, but assuming a mortgage or automatic principal reduction mortgages are very unlikely to happen without industry AND government involvement.
The article covers 10 alternatives. Some like using stock or other securities and the family loan will probably become a bit more common, but assuming a mortgage or automatic principal reduction mortgages are very unlikely to happen without industry AND government involvement.
