Posted: 2009-05-05 16:38:32
North St. Louis County Habitat for Humanity feels blessed to be part of an amazing network of Habitat affiliates within Habitat International. With the recognition of this wonderful brand name, however, sometimes come a set of false assumptions. Habitat hopes to counter these false ideas in a series of "Myths and Truths" published each Tuesday.
MYTH: Habitat homeowners sell their houses and make a large profit because of the original low cost.
TRUTH: Special second mortgages that are “paid off” by living in the house as well as first buyback option clauses that many habitat affiliates put into their agreement with homeowners, help alleviate concerns that some people may have regarding the resale of houses.