When I purchased my home in 2005, there were tons of options for borrowers who couldn’t bring a down payment to the table. In fact, it was possible to take out a mortgage without putting any money down or even submitting documents (a no-doc mortgage is based on a borrower’s credit score alone). But, these days [...] [...more]
A growing number of home-seekers are looking for properties that offer seller financing. As sellers become desperate to unload unwanted properties, they’ve become more willing to work with prospective buyers in any financial situation. However, properties with seller financing are still few and far between. The majority of desperate buyers have little to no equity [...] [...more]
After months of work, we’re finally ready to launch! So, here’s your official welcome to Creative Financing 101. For those who can afford it, now is a great time to buy a house. Foreclosures are making areas that were formerly unattainable rather affordable. Unfortunately, it’s also extremely difficult to take out a loan right now. Traditional [...] [...more]
