Why stay in that tiny apartment, when you could be stretching out in the spaciousness of your new home! Reach for your dreams by applying for a ZERO DOWN loan. You’ll not only be able to afford a home much sooner, you’ll probably be able to afford a larger home. With a zero down home loan, the loan amount you can qualify for is determined by your ability to make your monthly payments rather than how large a down payment you’ve saved. And, for most buyers, this means qualifying for a larger mortgage.
Buying a house is something we all dream about, usually for years. You may have saved money for a down payment, but just don’t have enough to buy your dream home.If that’s the case, a piggyback loan may be the best option for you. Different than a zero down mortgage, a piggyback loan is actually two mortgages.The first mortgage is for 80% of the purchase price.The “piggyback” loan (or second mortgage) covers the shortfall between the purchase price and your down payment savings. The can be other costs associated with a second mortgage, but in many cases these costs are offset by other savings.
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