What is a Micromortgage? The Loan That Can Help You Buy a Home
For many hopeful first-time home buyers, the barriers to purchasing a house are high.
If you’re a potential home buyer and you qualify for a conventional loan, you still need thousands of dollars in cash for a down payment, closing costs, and other expenses. If you have only limited credit, you may not qualify for a mortgage at all.
In both cases, you may end up renting when you would rather build wealth by purchasing a home.