Mortgage Tip Of The Month

100% FINANCING PROBLEM???

As you know, most banks dropped their 100% financing programs. This is due to wall street shutting the door on buying any more 80/20 Mortgages. The recent shift in home financing has made a lot of people who are looking for homes discouraged or confused because you don’t have the down payment money needed for their new home.

THIS SIMPLY ISN’T TRUE!

The bottom line is, there are still banks that are doing 100% loans (some have rates in the 6′s) and most still allow seller concessions. There are also many other down payment options for you to choose from.

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  • About Netter Real Estate



    James A. Netter established Netter Real Estate over thirty years ago after working with and being trained by his father. He is a member of the National Association of Realtors, the N.Y. State Association of Realtors, and the Long Island Board of Realtors. He has been on the Board of Directors for both the Long Island Board of Realtors and the Multiple Listing Service Read More...

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