Back in October, 2007 I wrote a blog on sellers using unconventional means to sell their homes including bond for deed. Well a lot has changed since then. Before the credit crunch a buyer doing bond for deed had a good chance of getting a loan after paying 13 months worth of the notes. For the most part this no longer applies. With the new tighter loan requirements everyone knows it's much tougher to get approved for loans these days.
But buyers don't give up. There are still 100% loans out there. You need to talk to a mortgage broker and see if you qualify for a loan. With home prices at the lowest in years and interest rates at record lows, (even if you aren't a prime credit risk}, rates are still good. TALK to a mortgage broker don't let any one else make the decision for you until you explore every possible angle.
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