Robert Dean

Never use a broker that approaches you via email or phone.

The Internet is great tool to research different lenders. You can use forums and online reviews to learn more about different lenders. Read what borrowers have to say about the lenders before deciding on a lender. You may be amazed when you can learn the truth about how many lenders operate.

This is a low-anxiety way of getting a loan. You take over someone else's house payments instead of applying for your own mortgage. The downside to this is what amount of cash to the property owner expects up front. It could be higher than what the usual down payment.