As a kid, I thought that people had two choices for financing their homes: 30 year or 15 year amortizations (meaning an equal payment every month until the loan is paid). And how often do you ever hear of any other financing options?

You have gobs of choices.

Todd has been asking me questions about property financing, and while I’m no expert yet, the two of us have talked about some things you might like to know. Therefore, we’re taking a break from weekend homework; it’s summer after all. Every Friday will feature “financial Friday” articles where I share my knowledge and findings.

Next week, we’ll kick things off with a discussion on assuming sellers’ loans.