No Credit Required: How to Buy a House when You Don't Qualify for a Mortgage ANNOTATION
Until now, people lacking credit for whatever reason found it impossible to purchase a house. Now, Mungo and Yamaguchi provide the means to find and purchase a home without qualifying for credit, proving that with some creativity and simple common sense, anyone who wants a house can own one. Original.
FROM THE PUBLISHER
Even those who can't get a conventional bank mortgage can stop throwing money away on rent and buy a house. With absolutely no credit, the authors bought a Vermont hideaway now worth hundreds of thousands and a California luxury condo with ocean views that tripled in value in six years. Readers will discover, step-by-step, the no-credit way to do it:
ﾽ No credit-check assumable mortgages
ﾽ Easy "Owner Will Carry" seller financing
ﾽ "Lease With Option," the way to buy with no money down
ﾽ The 30/70 rule that lands a bank no-credit mortgage
ﾽ Five exciting, unconventional, yet totally legal routes to no-credit home ownership
ﾽ "Property in trouble" deals
ﾽ A buyer's guide to pitfalls
Author Biography: Ray Mungo is the author of 16 books and writes frequently on business topics for many national magazines and daily newspapers.
Robert H. Yamaguchi holds a Doctorate in Business Administration and is a professor of business at Fullerton College. He has been a consultant to private business and conducts Study Abroad seminars in international business in Paris and Florence. Both authors have used the no-credit methods in this book to buy several homes.
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