In real estate, creative financing is non-traditional or uncommon means of buying land or property. For real estate students, it is important to understand how creative financing works. I’ve been teaching and preparing real estate students for many years. As …
Owner financing is a type of creative financing in which the property owner acts as the lender and provides funds to the home buyer. These mortgages are financed by the owners, and they work similarly to other mortgages, except that …
The Truth in Lending Act of 1968, also known as Regulation Z, defends consumers against unlawful credit practices in real estate. Lenders who violate the Truth in Lending Act may lose money, spend time in jail, and tarnish their reputations …
Price fixing is when competitors adjust the price of their products or services to make a new price the marketplace norm. Real estate professionals who take part in price fixing agreements are forced to pay millions of dollars or even …
Refinancing is the financial technique of adjusting, replacing, or changing the terms of a loan or mortgage. Whether you’re a real estate professional or just want to refinance, I’ve got you covered. I’ve been in the real estate industry for …
A buydown is a helpful financial tool that helps borrowers get an affordable rate for a few years during the loan term. The financing method is useful if the borrower wants to lower their monthly payments for a specific period. …