How to Buy a House with No (or Little) Money Down

In today's high-priced real estate market, traditional methods of financing can put home ownership out of reach for many would-be first time buyers. Even if the house is affordable, the need for a large down payment can make the purchase prohibitive. In this book, two real estate specialists analyze many alternative financing strategies.

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In today's high-priced real estate market, relying on the old methods of financing puts home ownership out of reach for many potential first- time buyers. In this revision, two real estate specialists analyze alternative financing strategies. Three new chapters on the unconventional buyer, checking your credit rating and obtaining a mortgage with poor credit have been added. New requirements for mortgages, including 15- and 20-year terms, as well as lower down payments are described. Explores how to take advantage of sharing and equity kicker mortgages. Shows how to use lease options and seller financing to buy a home.