March 24th, 2021 1:19 PM by Don Spears
Making dreams come true with zero down mortgages
I don’t think that saving for a down payment should be the reason you put your dreams on hold. With a zero down mortgage loan, I can help you get your dream home. You’ll not only be able to afford a home sooner, but you may even be able to afford more home. With a zero down mortgage, the amount of loan 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 loan.
Buying a home 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 might be the best option for you. This is different than a zero down mortgage, as 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.
Let me help you explore all your mortgage options. I look forward to helping you!