•  
  •  
 

Authors

Dan Egan

Abstract

Today's high interest rates and inflated property values make purchases of even moderately-priced homes through conventional mortgages difficult. Substantial downpayments and large monthly payments exact an onerous toll from prospective buyers. To cope with those problems, several financing instruments have been developed that require a minimal downpayment without an extensive credit search and permit some negotiation as to the stated interest rate. The installment land contracts is one of those alternative financing instruments.

Share

COinS