Millions of American home shoppers have taken on risky and generally more costly alternative financing, in part because even creditworthy buyers may have trouble finding traditional mortgages for lower-priced properties,…
Tag: Financing
Millions of Americans Have Used Risky Financing Arrangements to Buy Homes
Overview Most homebuyers in the U.S. use mortgages to purchase their homes. However, many others use alternative financing arrangements, such as rent-to-own, that research indicates are generally riskier, more costly,…
What Has Research Shown About Alternative Home Financing in the U.S.?
Overview Most people in the U.S. use a mortgage from a bank or other financial institution to finance a home purchase. But tens of millions of Americans also have used…