0
Due to the high rate of foreclosures over the past few years, banks have drastically cut down on their mortgage financing. While getting home financing is more difficult it was a few years ago, there are still ways to get good home financing options.
When looking for a good home financing option you should plan on putting forth a sizable down payment. While banks a few years ago would have allowed a person to put forth a down payment of 5% or less, most banks now want their borrowers to put forth at least a 10% down payment and 20% down payment to get the best rates.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What are the advantages of owner financing?
There are a number of advantages to owner financing. The biggest would be if the person attempting to purchase the home you are selling is not able to obtain conventional financing for any reason.
What is a home mortgage?
A home mortgage is a loan that is secured by property through the use of a mortgage note that ultimately grants you a mortgage for your home. You can obtain financing on the purchase of your new home or any home.
Where could a person obtain inventory financing?
Someone that is looking to obtain inventory financing can do so on the website Your Credit Advisor. On this website one can find all the details on what the loan is and how to obtain or apply for the loan.
Where can I obtain information on business financing?
To find business financing you can always start by looking through the telephone book if you don't have access to the internet. Most financing companies will help you find the right financing company for you or they do their own financing.
Where can one obtain motorhome financing?
Motorhome financing can be obtained from banks. For example, the Bank of America offers this type of financing. There are also specialist lenders such as the RV Lending Group.
Financing decisions primarily deal with?
how to obtain funds to acquire resources
Where can online home financing be found?
There are different websites where you can get online home financing. One of them is discover, which explain how to get online home financing and what opportunities you have. Another one is lendingtree which consists a network of lenders.
Where can a person with bad credit obtain financing for a car?
Usually the dealership can help you obtain financing. It depends on the price of the car, your credit score, how much money you make, how many years you were at your current job, etc.
Where can one obtain home financing with bad credit online?
Your local real estate broker can probably help with this. Since this is a serious issue, it is best to find someone in your own neighborhood rather than someone in another state. Financing a home with bad credit will probably mean a more expensive down payment.
Did Columbus obtain financing from the portuguese queen on his voyage to the new world?
no! from Spain
How do I get home improvement financing?
Home improvement financing can be easily obtained from a number of institutions if your credit rating is up to par. I have obtained financing from my bank a few years ago. Just last year I had to get financing to have my storage shed rebuilt and I was able to do it at the home improvement store where I purchased what I needed. There are also many loan companies available to help with financing.
What is the purpose of manufactured home financing?
The purpose of manufactured home financing is to get loans for building a mobile home. To make it easier to get a loan it would be advisable that the home is used as principal residence.
