Saturday, April 25, 2015

How to Finance Nontraditional Home

How to Finance Nontraditional Home
Earthship, Yurt, or Other Weird (i.e., Nontraditional) Home: (or, depending on your POV, downright weird) homes you can buy right now. 

That is, if you have cash If not, you’ll need to get the right kind of financing to step through your atypical front door. We looked at types of unusual properties to see what kind of financing challenges to expect if you’re looking to go the route of log cabins, Earthships, and extremely remote locations. That’s why seller financing can be the way to go, Richter said. Just don’t expect to get market rates or choose your loan type. Seller financers can (and will) charge higher rates, set specific terms, and require a substantial down payment to make sure you have enough skin in the game.See how Students Build $500 House

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