Deciding If a No-Money Down Mortgage Is Right for You
At first glance, the attraction of a no-money down mortgage seems obvious. You get to buy a home without having to save up as much as twenty percent of the cost. More money in your pocket means, well, more money in your pocket. When is that ever a bad thing, right? Well, unfortunately, there is more to a no-money down home loan than may at first meet the eye.
In this post, we’ll take a quick look at the pros and cons of zero-down mortgages, then take a stab at helping you figure out if a no-money down loan is right for you and your home buying situation. After all, what you may gain in the immediate future can always come back to haunt you. Like your grandparents may have said, there’s no such thing as a free lunch.
more “Pros and Cons of Getting a No-Money Down Mortgage”
