Are you disappointed because you think you'll never be able to own your own home? It's not uncommon for most renters to find excuses on why they can't buy a home. Unfortunately you'll even find renters in their thirties and early forties who haven't purchased their first home and continue to suffer with the headaches of renting. Most of them truly believe they can't afford to buy a house.
Ron Darby
Tougher loan requirements have made it difficult for first time home buyers to buy their first property. With the right circumstances, both parties can benefit from this arrangement. Loans from family or friends can help you fund your down payment, first mortgage, or a second mortgage. Some of the reasons you might want to use family and friends for financing include: