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3 Alternative Home Loan Options for People with Bad Credit

Rent, Buy & Sell

Great credit allows people to get the best interest rates on various types of loans. Bad credit is usually the result of late bill payments, bankruptcy, foreclosure and loan defaults. FHA loans can also be obtained by people who have a bankruptcy or foreclosure on their record. Private or Hard Money Loan.

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Passive Income Ideas: 25 Ways To Earn More Money In 2020

Marco Santarelli

You can diversify your holdings, loaning several hundred or thousand dollars to each would-be investor. You get a higher interest rate than you would if it sat in a money market account. The crowdfunding platform takes a slice of every loan issued. However, they also administer the loan payments.

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