possibility for a zero down home loan

Guest 0.10 Dollars($)

When is it possible to get a zero down home loan? Can I have some information on this loan?

Samantha · Posted: Fri Jan 20, 2006 2:49 pm Post subject:

Hi Elsa,

For a zero down home loan you must have a good credit score of at least 700 and your debt to income ratio must not exceed the standard 26/38 rule.

This is an alluring program for the first-time home buyers particularly who is having shortage of cash to meet the down payment.

This program is also helpful for second home buyers planning to keep a low initial investment or for buyers who want to spend their savings in home improvements or making some other expenses.

The monthly payments on these loans can be high as high PMI is associated with these loans. Although, it has high monthly payments but still it can be a good option in an expensive housing market.

God bless you.

For MortgageFit,
Samantha

Guest 0.10 Dollars($)

Due to the high amount of risk associated with it, this loan has high interest rate even if you have excellent credit and income.

jameshogg · Posted: Fri Jan 20, 2006 2:58 pm Post subject:

This is perfect loan if you are a first time home buyer or want to purchase a home without much cash investment. You can borrow 100% of the price of your home through this zero down home loan program.

James

All times are GMT - 7 Hours

Page 1 of 1