You could use google, you shouldn’t need me to tell you how home ownership works.
The homeowner owns the home, and puts the home up as collateral in case of default. It’s better than landlording because the person living in the home owns it can manages it themselves. Landlords typically have mortgages anyway, they’re just standing in the middle.
A community credit union is a community owned bank. They typically offer the best terms and interest rates of any financial institution, you should really look into banking with one. They’re very common in smaller towns, but they’re typically available even in larger cities.
I do all my banking with my local credit union and couldn’t be happier.
So then the banks will own the house, how is that any better? I don t know what a community union is.
You could use google, you shouldn’t need me to tell you how home ownership works.
The homeowner owns the home, and puts the home up as collateral in case of default. It’s better than landlording because the person living in the home owns it can manages it themselves. Landlords typically have mortgages anyway, they’re just standing in the middle.
A community credit union is a community owned bank. They typically offer the best terms and interest rates of any financial institution, you should really look into banking with one. They’re very common in smaller towns, but they’re typically available even in larger cities.
I do all my banking with my local credit union and couldn’t be happier.