Alternative Home Financing: Exploring Options Beyond Traditional Mortgages
For most people, taking out a mortgage is the only option when it comes to buying a home. However, traditional mortgages may not be suitable for everyone, and alternative home financing options are becoming increasingly popular in today’s market.
So, what are the alternative home financing options available? Let’s explore some of the options beyond traditional mortgages.
1. Rent-to-Own
This option allows a potential buyer to rent a property for a certain period of time before having the opportunity to buy it. A portion of the rent paid will be allocated towards a down payment for the property. This option …