The Internet has opened new opportunities for prospective homeowners. Person-to-person/peer-to-peer lending has become the latest in money acquisition and investment trends. But is it safe, is it secure is it safe, and what are the ramifications of failing to pay back a loan you took by cyberspace?
Loans are needed to meet a range of reasons, ranging from consolidating mortgages to sending young Johnny for college. Prosper was founded on the idea of connecting people who have money and the ability to invest them with people who required funds and were willing to pay interest on the funds. You can also know more about the best peer to peer lending online.
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Include a space for individuals to justify their reasons for why they ought to be the one that you invest in, and you'll have an investment system that when it is in the right circumstances, highly profitable and surprisingly intimate. For many homeowners, this will not suffice.
Thus, P2P lending organizations that offer loans up to the amount needed to fund down payment have come into existence and are in the process of trying. Home Equity Share is one such. It is a plan that says that you, as the buyer is looking to make 20% of the down payment on the house that you would like to buy.
Enter Home Equity Share, which happens to be owned by someone who wants to make a bet in the real estate market but doesn't want to take care of the home. They will lend you the money you require and you and they agree on how the loan will be returned.