With Halloween right around the corner, fall season is in full swing. And while temperatures throughout the United States are cooling, its collective real estate market continues to warm up and recover fr0m an historic collapse.
Indeed, now is a fine time to wade into real estate if you haven’t already tested the waters.
Many factors need to be plugged into the personal homebuying equation, but none are likely more concerning than money. Even in buyer-friendly times likes these, homes (relatively speaking) still cost quite a bit.
Where are you going to get the money? What if your credit isn’t perfect? What if your down payment is too small?
Believe it or not, there are alternatives to traditional bank financing. Many people are in the same boat as you and they are succeeding in real estate because they aren’t letting the banks stop them. You can likely get the financing you need, even if your credit is bad and the bank isn’t interested.
The October 2012 edition of Foreclosure.com’s free educational newsletter, “Investment Exchange,” is now available, which explores creative financing options for those of you who won’t qualify for -– or would prefer not to use -– a traditional bank mortgage.
- Site Feature Spotlight: Conventional Mortgage Loans Vs. Creative Financing Options
- Website Search Tips: Free Real Estate Calculators Online
- Hot Off The Press: Owner Financing — Benefits Of Emerging Trend In Buyer-Friendly Real Estate Market
- Our Success Stories: Real Estate Investing Success Stories, Sharon Restrepo Edition
- Real Estate Tips: How To Get Creative With Mortgage Financing
- Deals of the Month: October Foreclosure Deals
- Linda’s Learning Lane: Don’t F.E.A.R. Owner Financing Agreement
Creative home financing is all treats – no tricks.
In other words, don’t be scared to learn more about possible mortgage options that are not the fixed-rate, 30-year variety. There are several safe loan products available today that could be ideal solutions for prospective homebuyers and investors who don’t qualify — or are simply disinterested — in going the traditional route. It’s not for everyone, and in some cases, it’s not even on their short- and-long-term interests.
To read this month’s free educational newsletter from Foreclosure.com CLICK HERE.