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Mortgage Financing Alternatives

What can you do when either you or your house is not a good fit for "traditional" financing?

Because of the tight credit market, a host of new alternatives to traditional financing are starting to emerge. If you are having trouble locating the right loan for your situation, here are just a few of the resources to consider:

Credit Unions Mortgages - Unlike banks and mortgage companies that sell their loans on the secondary money market, many credit unions actually keep the loans they make in their own portfolio. If the credit union does not sell the loan on the secondary money market, they can set their own loan requirements.

Real Estate Seller Financing - Did you know that approximately one-third of all property owners in the United States own their property free and clear? Given the low rate of interest being paid for savings accounts and for government securities such as T-bills, an increasing number of sellers are electing to carry part or all of the financing on their sale. This can be a win-win for both the buyer and the seller.

Hipotecas Prestamos June 30, 2009 09:16 PM