How does owner financing affect your credit oppose to financing your home through a bank?
February 21, 2009 by admin
Filed under Personal Finance
Gordo
I bought my house by financing through the owner (Owner financing) because my credit was not great. I have never had anything repossesed or any major credit problems. Yet my credit is not all that great. I am wondering if it has to do with not financing my house through a mortgage company.
I bought my house by financing through the owner (Owner financing) because my credit was not great. I have never had anything repossesed or any major credit problems. Yet my credit is not all that great. I am wondering if it has to do with not financing my house through a mortgage company.
What construction financing is available if I have vacant land and an offer to buy a house on that land?
February 1, 2009 by admin
Filed under Renting & Real Estate
J.R.H.
I live in an urban area and just found a vacant plot of land between two townhouses. I am interested in building a house with a cutting edge/modern design and eco friendly features. If I buy the land and hire an architect/engineer to design the structure, I have a few people interested in buying the house before it’s built. If I have an offer from them to buy the house, what are my financing options for the construction of the project?
I live in an urban area and just found a vacant plot of land between two townhouses. I am interested in building a house with a cutting edge/modern design and eco friendly features. If I buy the land and hire an architect/engineer to design the structure, I have a few people interested in buying the house before it’s built. If I have an offer from them to buy the house, what are my financing options for the construction of the project?