Despite the continuous struggle within the job and housing market, buyers still want to become homeowners. The challenge revolves around financing. Phoebe Chongchua explains a possible solution to becoming a homeowner in “Family Mortgages Help Buyers Pursue the American Dream.” “The idea is that in a time when parents of grown children are looking to earn greater interest on their investment money and simultaneously their grown children are looking to buy a house at a lower interest rate, an intrafamily loan could help both sides.” Many parents wish to invest their money in a low risk way, in order to make sure they don’t lose what they have. Therefore instead of gambling with the stock market, parents are finding the opportunity to invest in a mortgage for their children a great alternative. These intrafamily loans have also been shown to help buyers appear more competitive in the market because they are able to make an all-cash offer. “According to the National Association of Realtors (NAR), last year, 9% of first-time homebuyers who made a down payment had received a loan from either a friend or relative. Also in 2010, nearly 30%, of those surveyed for NAR’s annual Profile of Home Buyers and Sellers, reported that they received a gift from a friend or relative.” Just because there is a difficulty with obtaining financing does not mean that you are out of luck with regards to the housing market. Today’s market comes with an array of options. Take advantage of these options efficiently with experienced agent Sam Benson who specializes in the greater Walnut Creek area, don’t miss out on living The American Dream, become a homeowner sooner than later.