17 CREATIVE WAYS TO BUY A HOUSE WITHOUT A MORTGAGE
For many, buying a house or qualifying for a mortgage seems unattainable, especially as housing prices continue to rise. I share with you 17 creative ways to buy a house in this post.
Homes are typically sold at auctions when they’ve been foreclosed on, meaning the owner has defaulted on their mortgage or failed to pay property taxes over a prolonged period.
Many get private loans through family members or private individuals willing to supply the requested amount. Obtaining a private loan can be a safe solution for some buyers because it simplifies home-buying.
Paying for a home in cash means you’ll need to be prepared to have the exact amount upfront. But in the long run, it can save you from debt repayments, closing costs, and needed a high credit score.
One of the most creative financing strategies is to buy a house with friends. Here, you get a friend split the costs. If the down payment requirement is $50,000, you each put down $25,000.