Find Secondary Lenders

The real estate market is slow, slow, slow. This means you are in a great position as a buyer. You can pick and choose to get the best deal on a home. Whether you realize it or not, you also have access to a huge market of secondary mortgage lenders. Yes, even with the traditional mortgage industry collapsing. Who are these lenders? The homeowners try to sell their homes! Most are fairly desperate to move the properties, so they will be receptive to carrying back a second mortgage for you. You can use this to get your traditional financing below 80 loan to value and avoid private mortgage insurance. Try it!