Welcome to "Daily Mortgage Rates LIVE," your go-to podcast for staying informed about the dynamic world of mortgage rates and financing.
In this episode, we're delving into a financing option that defies conventional down payment norms—0% Down Loans. These loans open the door to homeownership with no upfront down payment, offering an attractive and accessible path for many aspiring homebuyers.
Join us as we explore the specifics of 0% Down Loans, understanding the eligibility criteria, benefits, and considerations that make these loans a compelling choice for those looking to purchase their first home or invest in real estate. Whether you're a first-time homebuyer or simply intrigued by innovative mortgage solutions, this episode equips you with invaluable insights to navigate the ever-evolving landscape of real estate finance.
Disclaimers: The principal and interest payment on a $400,000 30-year Fixed-Rate Loan at 6.375% and 80% loan-to-value (LTV) and 760 credit score is $2,495. The Annual Percentage Rate (APR) is 6.722% with estimated finance charge of $10,000. The principal and interest payments, which will continue for 360 months until paid in full, does not include taxes and home insurance premiums, which will result in a higher actual monthly payment. Rates current as of 3/5/2024. Subject to borrower approval. Disclosure: All lending products are subject to credit & property approval. Rates, program terms & conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions & limitations apply.
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