A generalized term applied to many kinds of unconventional and innovative mortgage repayment plans.
Usually refers to the sale of existing property. The seller provides part of the financing, or the lender "wraps" a new mortgage around an old one.
Innovative home-financing arrangements that help sell a property.
Structuring the financing of a real estate transaction based on the cash positions of the buyer and seller. It involves working in conjunction with the existing financing to create a financing package that enables the buyer to purchase the property at better interest rates or terms than a conventional loan.
An arrangement for the financing of the purchase of a property which is outside the normal practice of residential financing.
An innovative or unusual way of structuring a home loan that allows the buyer to buy the house.
An innovative or unusual way of structuring a mortgage loan to allow the buyer to purchase the property.
When institutional financing of the purchase of a property does not meet the purchaser's need, another party may provide additional financing. Creative financing is outside the normal practice of residential financing because the lender does not have to follow the same stringent rules governing the institutional lenders. back
Innovative financing arrangements to help sell a property.