Why are homeowners turning to risky mortgage alternatives? | Morning in America

Today, the median home costs $437,000, and buyers struggle to find banks that will write mortgages for less than $150,000. Now, many buyers turn to alternative financing, a universe of personal property loans, lease-purchase agreements, land contracts and seller-financed mortgages. Barry Habib breaks down the risks the homeowners take by choosing an alternative mortgage route. Watch #MorningInAmerica: https://www.newsnationnow.com/joinus #mortgage #homeowner #banks Start your day with "Morning in America," NewsNation's live three-hour national morning newscast hosted by Adrienne Bankert. Weekdays starting at 7a/6C. #MorningInAmerica NewsNation is your source for fact-based, unbiased news for all America. More from NewsNation: https://www.newsnationnow.com/ Get our app: https://trib.al/TBXgYpp Find us on cable: https://trib.al/YDOpGyG How to watch on TV or streaming: https://trib.al/Vu0Ikij