|
Are you looking to buy a house in Austin, Texas and have no idea how to get a loan from a bank? It can be difficult as well as frustrating. You have money for the down payment and you can make the mortgage payments easily enough. The houses are priced lower than ever and you can really get some bang for your buck in this area. But the bank will not give you a mortgage because you were late on one of your credit card payments two years ago. Your credit is marred and on top of that, even if you can find a bank that will give you a loan because you get that mar removed from your credit score, you have to put down twenty percent. You know you can afford the house; it is so close but so out of reach. Fortunately, there is a very creative solution to this problem. There is a real estate company in Austin that offers a chance for those who are interested to look into owner financing. The owner financed homes in Austin Texas are an ideal place for anyone who can afford to buy a home to do so. They can get financing through the seller instead of a bank. They pay the seller instead of the bank but take possession as if they purchased the house. This is not renting - the seller simply records a lien against the property just the same way a bank does, with a note. The mortgage is also recorded against the property as well. The owner takes ownership with all of the benefits of owning a home. When you buy an owner financed home you may think that this is just a form of renting. In a way, it is, but it is the way that most people have been purchasing the home for years. If you get a mortgage from a bank, you have to pay the bank with interest for the money you borrowed. If you fail to do so, they will come in and, within the means of the law, foreclose and evict you. The difference between renting and owning is that if you rent, the owner of the property can sell the building in which you live or they can raise the rents and can end up tossing you out pretty much for any reason within the law (and if there is no reason and they want you out they will find a legal way in which to do so) and if you own a home, the bank cannot just toss you out. When you own property, it is yours to keep unless you violate the terms of the financing. The owner cannot just change their mind and sell it to someone else. They cannot go on your property or ask for any sort of inspection. This is not the same as renting. Those who are looking for a way to own property and get all the benefits of ownership such as tax breaks, can do so when they purchase through a real estate company that is offering this option. This is a whole new approach to home buying and this company is on the cutting edge. Those who live in Austin or want to live there need to check out this option so they can buy instead of rent. If you want to buy instead of rent, consider getting one of the Owner Financed Homes In Austin Texas . Owner Financing is available for those who go to Greater Austin Homes.
Related Articles -
Owner Financed Homes In Austin Texas, Owner Financing,
|
