Wednesday, February 17, 2010
Home buyers are in constant run to chase lenders who would provide loans within a short time. The buyers are eager to close the deal since they want to make it before tax credit expiry.
According to Spencer Rascoff, Chief Operating Officer of Zillow.com, even the buyers without A-plus credit would be able to get a loan if they approach enough lenders. However, the terms for such loans wouldn't be very attractive, he says.
According to Spencer Rascoff, Chief Operating Officer of Zillow.com, even the buyers without A-plus credit would be able to get a loan if they approach enough lenders. However, the terms for such loans wouldn't be very attractive, he says.
There is one more option available for the buyers. They can propose a lease-purchase deal or land contract to the seller. Both the buyer and seller can get profit if the deal is structured properly.



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