Category: No Money Down Loans

WHAT’S BEST FOR THE FIRST-TIME HOMEBUYER?

I see time and again advertisements on the internet for no down payment first time homebuyer loans. The down payment is typically in the form of a grant that does not need to be paid back. Many people push these loans enticing first time homebuyers to buy a home without any money out of their pocket. While these loans increase sales for the loan officer and real estate agent, are they really in the best interests of the first-time homebuyer? The simple answer is no. The type of loan a first-time homebuyer can obtain is much better if they can...

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