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While home buying conditions remain challenging, we found Five things that homebuyers can be thankful for this Thanksgiving.

While home buying conditions remain challenging, we found Five things that homebuyers can be thankful for this Thanksgiving.

How do you feel about owner financing?

There's nothing wrong with owner financing -- lots of people do it every year --but the key is to have an attorney who knows about real estate transactions to make sure that all of the paperwork -- the loan contracts, disclosures, and recording at the county level -- is in order. The attorney can also help you with the payment schedule and disclosures and such.

Ask the expert
Keith Gumbinger
Keith Gumbinger
Mortgage Expert
Vice President, HSH.com
About Keith: Mortgage market observer and analyst with 35 years experience... (more)
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A lower-cost alternative might be to obtain a home equity line of credit or even an HECM.

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When an index disappears, it will be replaced with another indicator.

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Generally, there are three ways to approach the issue. Each option has different effects on your mortgage cost over time.

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