Hello Real Estate Partners – Here is my question:
Q: I’ve heard about creative financing – can you explain just what this is & why would I ever consider this?
Thanks, Susan M, Portsmouth NH
A: Hi Susan,
In the current conventional lending market conditions, one could achieve a much better interest rate and loan terms by utilizing creative financing than with a conventional lending agency. The goal of creative financing is generally to purchase, or finance a property, with the buyer/investor using as little of their own money as possible, otherwise known as leveraging. This method is not reliant on the purchaser’s personal or business credit.
By Noli Peterson, Chief Technology Officer at Unlocked Home Project, and contributing ‘Expert’ at Real Estate Partners.
Email: [email protected]
