A new zero-down option, plus more ways to put down less on your home This week, Bank of America announced a “no-down” mortgage program called the Community Affordable Loan Solution, aimed at closing the racial homeownership gap. It’s the latest of various no- and low-down payment mortgage options, as growing numbers of buyers seek more affordable paths to becoming … [Read more...] about The lowdown on low-down payment mortgages
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What are the Most Common Mortgage Loan Types?
If you’ve ever applied for a mortgage loan before, you may have been surprised to find almost as many different types of mortgages as there are homebuyers. Or maybe you realized how complex it can be and leaned on a trusted advisor to guide you through it. Either way, knowing the loan options available to you enables you to choose a loan that best fits your needs. This … [Read more...] about What are the Most Common Mortgage Loan Types?
How to Buy a House With No Money Down in 2022
Not parting with a chunk of change in the form of a down payment to buy a house — sounds like a dream, right? If you get the chance to put no money down for a home, you might feel as if you have the best of both worlds: a dream home without your wallet taking a pounding. But is it as good as it sounds or is it too good to be true? In this guide we’ll break … [Read more...] about How to Buy a House With No Money Down in 2022
How Do You Shop Around for a Mortgage?
Does shopping for a mortgage get your nerves in a tangle or give you little fizzes of excitement? The reality of shopping for a mortgage is that it will feel different than poking through online listings, driving around suitable neighborhoods or talking through real estate "how-tos" with a real estate agent. Shopping for a mortgage is a more number-crunching process … [Read more...] about How Do You Shop Around for a Mortgage?
How Much Down Payment to Buy a House?
When you want to buy a home, you may not know all the details involved, including how much of a down payment you need. When it comes to mastering a task, such as learning to ride a bike or learning about investments, someone may have taught you. It's the same with buying a house, so let Morty guide you. So, how much down payment for a house? We'll … [Read more...] about How Much Down Payment to Buy a House?
