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Zero-Down Mortgages: What’s the Catch?

In the ever-evolving world of real estate, mortgage options are a hot topic, especially for first-time homebuyers. One such option that has recently gained attention is the zero-down mortgage. In this video, we’re going to help potential homeowners understand its benefits and drawbacks.

Zero-down mortgages, as the name suggests, allow buyers to purchase a home without making a down payment. This option can be particularly appealing for those who have the credit and income but lack the substantial savings typically required for a down payment. While this isn’t a brand-new concept, it has gained more visibility due to current market conditions and increased advertising.

What’s the catch? Tune in as we break it all down.

 

Here’s what we discuss in this episode:

0:00 – Intro

0:58 – Is this a new product?

2:07 – What are the drawbacks?

4:07 – Does it hurt your offer?

5:39 – What to look out for

 

Schedule a time to meet with Bill here: https://calendly.com/blitton/

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