A Message from Consumer Action

Consumer Action's MoneyWi$e educational materials have moved to our Managing Money Project website. Here you may view, download and order bulk copies of the MoneyWi$e materials. Please make a note of the Managing Money Project address— www.managing-money.org —and add it to your address book.


Getting down payment help now. Sharing home’s gain (or loss) later

Source: Tara Siegel Bernard, N.Y.Times (Paid Registration)

For aspiring homeowners, coming up with a healthy down payment has long been the biggest obstacle to owning a home.  Now, a small but growing number of home buyers are trying something different: asking an outside investor to put down money alongside them.

It is called shared equity, and Unison, a company based in San Francisco, is the largest of a handful of firms putting it to work. Unison will provide at least half of a consumer’s down payment in exchange for a piece of any appreciation in the home’s value when it is sold. If the home sells at a loss, the company absorbs a share of that, too.

Read Full Article: Getting down payment help now. Sharing home’s gain (or loss) later

 
 
 

Quick Menu

Support Consumer Action

Support Consumer

Join Our Email List

Optional Member Code
Facebook FTwitter T

MoneyWise Modules

Managing Money Topics

Help Desk

Advocacy