down payment: Lafayette Indiana Real Estate - Mortgage Financing
- 07/13/08 03:01 PM
Financing Solutions with David Reed Government Grants For first-time buyers, often the first thought that comes to mind is, "I need a down payment." This is often followed by the question, "Now, where do I get that down payment?" Depending upon the loan type, a home mortgage typically requires 3 to 5 percent down. If you have the money, then you're set. But what if you don't? What if you're renting? You can afford a mortgage within your means, but coming up with the down payment money needed to begin the transaction can be challenging. So, where can you turn? … (1 comments)
down payment: Lafayette Indiana - Is Owner Financing For You?
- 07/02/08 01:28 PM
Is owner financing for you? Owner financing has been a popular practice in previous real estate downturns. Current market conditions and upheavals in the mortgage industry have given rise to a new-found interest in this idea. If you own your property outright, have a need to sell in a soft market and are interested in converting your sold home into an investment that yields returns, owner financing may be a option worth exploring. Successful owner financing means that you, the owner of the property, get to widen the potential pool of home buyers by offering to finance the transaction. And since … (1 comments)
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Financing Solutions with David Reed
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