Buying a house with no money down

January 29, 2009 | In Buy Home, Tips |

One of the things that potential home buyers find difficult is that they have trouble saving up the money to put down on their new house. In this type of situation, they should consider looking into buying a house with no money down.

The first thing that needs to be done is to find a mortgage company that offers programs for 100% loans for homes. Because it finances your whole house, you don’t have to put any money down. Something to remember about these programs is that even though you don’t have to put any money down, you may still need to pay closing costs because are separate from the down payment. If closing costs are a problem, let the loan officer know because there may be other programs that will cover the closing cost of a house as well. Continue reading Buying a house with no money down…

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