Friday, September 28, 2007

Buying a Home with Zero Cash and Bad Credit: Fact or Fiction?

I know it sounds too good to be true, but you really can buy a home with no money and bad credit. With the relaxed lender cash and credit requirements, it’s still possible. But don’t wait. They won’t be this forgiving for much longer.

So, it’s a fact…but for how much longer?

You may have owned a home before and are presently renting, or are a first time homebuyer and need a way to break into the housing market but held back because you thought you required a substantial down payment. Or you may be in the position where you do not want to liquidate your financial assets to use as a down payment on a home. Regardless of your present situation, you want a way to get into or to reenter the housing market without having to invest any cas View the rest of this article

1 comment:

Paul said...

There are three factors that determine if you have sufficient income to purchase a home with zero down payment, and they are: Purchase price of the home, Interest rates, and debt to income ratio that the mortgage program requires.
Nowadays companies which work with bad credit mortgages suggest 4 basic forms of no money financing for home buyers and real estate investors.
1. - Lender provided no money down real estate financing.
2. - Government home buyer programs.
3. - Buyer-seller negotiated no money down financing.
4. - Creative no money down real estate financing.