These Startups are Helping Home Buyers Bypass the Bank

Wall Street Journal, Mar. 12, 2020–Katy McLaughlin (subscription)
A host of alternative home-finance startups are targeting aspiring home buyers who are either unable to qualify for traditional mortgages, lack a 20% down payment, or can’t compete with buyers offering cash. The downside is that the companies use new, untested systems, ask some customers to give up tax-deductible interest payments and demand a piece of the potential price appreciation in the home.