Here are 3 Helpful Ideas to Help You Get Your House
You felt like you were ready to buy a home, and you attempted to get pre-approved for a loan from a bank. Unfortunately, however, your loan was denied. Although you may feel discouraged, don't think that the opportunity has slipped away. Here are some creative funding ideas to get your wheels turning and help get you into your own home.
Find a Cosigner
Of course, the first thing to do is see if you can find a co-signer. If you know someone that might be willing to help you, it doesn't hurt to ask. Yes, it can be intimidating, but if you have someone in your life who trusts you and has the means to help you, you might be surprised at their answer.
Seek out private investors to help you.
It's possible that you could work out a contract to pay them back with interest instead of a bank. Not only will you have the comfort of getting to know your lender on a personal basis, but you might feel better knowing where your money is going, besides just into the home.
Try crowd funding.
If you're popular or have a great story, you could use a platform like crowd funding to ask for investments from multiple sources. In exchange for investing anywhere from $5 to $50,000, you can offer your investors fun perks. Maybe you can let a $20 investment make decorating decisions. A $50,000 investor would have to earn something more significant in return. Are you planning on somehow earning an income from the property that you can share with high investors?
Don't be afraid to be creative as you think of ideas to help you get funding for your new home - nothing ventured, nothing gained! Take a chance today so you can move into your dream home as soon as possible!