Like the shared equity plan mentioned above, the buyer receives a loan toward the cost of the home, allowing them to take out a smaller bank loan(investopedia.com). However, instead of borrowing the money from the government, the buyer receives the money from an investor’s self-directed IRA (investopedia.com).With this choice, there are also two methods of repayment. One method involves making monthly payments to the investor and the other allows the investor a partial stake in the home, eliminating those monthly payments(investopedia.com).This method keeps the bank mortgage amount lower and gives options to the borrower. The current buyer-friendly market makes this an even better
Like the shared equity plan mentioned above, the buyer receives a loan toward the cost of the home, allowing them to take out a smaller bank loan(investopedia.com). However, instead of borrowing the money from the government, the buyer receives the money from an investor’s self-directed IRA (investopedia.com).With this choice, there are also two methods of repayment. One method involves making monthly payments to the investor and the other allows the investor a partial stake in the home, eliminating those monthly payments(investopedia.com).This method keeps the bank mortgage amount lower and gives options to the borrower. The current buyer-friendly market makes this an even better