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Alternatives To A Traditional Mortgage

Alternatives To A Traditional Mortgage

Unique home-financing strategies might be very rare and difficult to come by, but it is very hard to qualify for a mortgage. Hence, there can be many alternatives to fund the house purchase by not getting the mortgage from the bank. This comes strictly under traditional financing.

Selling Your Home For Less Than Your Loan

Selling Your Home For Less Than Your Loan

It is the worst practice to sell the home on less price than the value of mortgage you have to pay. It is best that renting your home if you find an apartment on less rent to your home than the difference of your home, and your renting apartment can help you to reduce the debt value. Keep living in that apartment until you are sure you can pay all mortgages or take a small loan and pay all these as soon as possible.

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