Don’t just assume you have 2 options to finance a home, loans and your own cash. There are many options that exist that have varied risks and terms that will allow you to move forward with a deal. From using equity in an existing property you own, your primary residence typically is the rule, or getting a short-term loan from a Hard Money lender that has a shorter term expectation of getting their money back, or even using 100% financing options from portfolio loan bankers, who are investing in low and moderate income areas. So for $1000 you can purchase a home in some market areas, including parts of San Antonio, Austin, and Houston. Have questions, even more confused? Reach out to me to discuss the pro’s and con’s and I can get you connected to a lender or company that can help you achieve your goals. 

This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.