The Internet has opened new doors for potential homeowners. Person-to-person/peer-to-peer (P2P) lending has become the latest in money acquisition and investment trends. Is it reliable? Is it safe? What are the consequences of defaulting on a loan in cyberspace?
Prosper started with a simple idea: Connect people with funds and the willingness and ability to invest.
You can also add an area where people can explain why they should invest in you to create a system that is both profitable and intimate in the best circumstances. There are many finest person-to-person lending agencies on the internet that support down payment loans.
Image Source: Google
Home Equity Share is one such. The buyer would like to pay 20% down on the home you choose. Problem is, you currently have 0%. You might have 5% or 10% but not the magic 20%.
Home Equity Share is a way to make real estate investments but not have to manage the property. This is the ideal situation. However, it’s possible that things are more complicated.
Online P2P lending is still being worked out. Home Equity Share is still in its early stages and blogs such as thebankwatch.com indicate that it is still a high-risk investment.
The lender seems to have the greatest risk when it comes to money. Borrowers seem to be at the greatest risk if they default on their loan, which can lead to a hit to credit scores and the gentle attention of collection agencies.