The Penang Regional Development Authority (PERDA) will offer the rent-to-own housing programme to enable the islanders who do not have regular income to buy a home. “This programme is to help those rejected by banks, sometimes because they have no fixed income or have a bad track record, especially the younger generation. This is only for low-cost housing … Read more
In a typical home purchase, the sale takes place shortly after the offer has been accepted, and the transaction is completed at closing. Since most buyers don’t have the money to pay cash, a mortgage is usually used to finance the purchase: The buyer puts down a certain percentage of the purchase price (the down … Read more
Rising prices, shorter amortization, tougher lending rules and now a tiered down payment scale (Canada) are making things so much tougher for anyone (not just the first time homebuyers) to get into the housing market (or stay in the housing market) these days. Forget that life as we know it today includes debts, credit issues, … Read more
This strategy can be related to buying a vehicle but this only applies to properties. If somebody wants to buy the property from you, but they do not have the whole lot of money to do so, this strategy can be applied to them. It is similar to renting but the duration of the rental … Read more
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