Post by tonymcfallen on Jun 4, 2020 9:09:00 GMT 1
There are two main types of mortgages: a conventional loan, guaranteed by a private lender or banking institution and a government-backed loan. Within these categories, these less common payment options may also be available:
Pledged Asset Mortgages – In a pledged asset mortgage, you can use assets such as stocks, bonds and other property as collateral on your loan. This eliminates the need for a down payment and also avoids the need for PMI (private mortgage insurance) requirements.
Mortgage Help Programs – There are programs that will assist you in obtaining and financing a mortgage. Check with your bank, city development office or a knowledgeable real estate agent to find out more.
Pledged Asset Mortgages – In a pledged asset mortgage, you can use assets such as stocks, bonds and other property as collateral on your loan. This eliminates the need for a down payment and also avoids the need for PMI (private mortgage insurance) requirements.
Mortgage Help Programs – There are programs that will assist you in obtaining and financing a mortgage. Check with your bank, city development office or a knowledgeable real estate agent to find out more.
