Mortgage Alternatives

Mortgage alternatives are options for financing a home without traditional loans from banks. They include seller financing, where the home seller lends money to the buyer; lease-to-own agreements, where a renter can buy the property after a period; and cash purchases, where buyers pay the full price upfront. Other options involve shared equity agreements, where investors share ownership and profit, or community land trusts, which help keep housing affordable. These alternatives can provide flexibility and accessibility, especially for those who may face challenges securing a conventional mortgage.