Financing is one of the most important aspects of buying real estate. Creative financing can be a private home loan provided by a seller willing to carryback a loan. Having poor credit can affect your chances of getting a home loan or can increase the interest rate on your home loan, so it's wise to check your credit score. There are many home loan options available from fixed rate mortgages to adjustable rate mortgages. You might also weigh the pros and cons of an amortized home loan versus an interest only home loan. When you decide to do a refinance loan, you might look into a home equity loan. There are also government sponsored and government insured home loan programs available such as the VA loan and FHA loan.