Prefab homes have been available for years. They are affordable options for people who want a home but can not afford the down payment or financing associated with a traditional style home. It used to be that prefab homes were of lower quality and you could tell what was custom built and what was merely a prefab home.
No Money Down – Really?
Can you really buy real estate with no money down? Yes, you can, if you understand what the seller wants out of the deal, and you know these simple techniques.
Zero Down
Zero down? Can you really get into real estate investing without any money? You can if you understand a few basic principles.
No Down Payment Poor Credit Mortgage Loans Understanding 80/20 Loan Option
When applying for a mortgage loan, down payments are generally required as part of the financing. Many traditional mortgages will only finance 80 percent of the home price. Thus, homebuyers are obligated to provide the additional 20 percent. Having a down payment of 20 percent is ideal in a perfect world. In reality, few people have access to this type of money. For this reason, mortgage lenders are offering 80/20, or piggyback mortgage loans.
How Do 80/20 Home Loans Work?…
Home Mortgage Loans For People With Bad Credit – 103% Home Loan Financing
At one point in time, getting a zero down loan or closing cost assistance with poor credit was difficult. To qualify for a mortgage, individuals with poor credit would need a sizeable amount of money to cover all expenses. Fortunately, numerous home loan programs have been created to assist those with less than perfect credit. Thus, homebuyers with low credit scores are able to obtain mortgages with up to 103% financing.
How Bad Credit Affects Mortgage Loans
Although ba…