Joey Scott of Waterstone Mortgage tells us the real cost of a zero down payment offer. First of all a zero down payment offer doesn’t mean that you won’t really spend a single penny for it, those offers just mean that the loan amount is 100 percent of the sell price. But you still need to pay for the closing costs for it like lenders fee, title company fee and etc., prepaid costs like insurance fees. Those are the things that you need to pay or your cash to close, and it’s value is not fixed. It will vary for some reasons and if you are looking for loan products that are 100 percent financing there is a Rule Development loan and a VA loan if you are a veteran to choose from.
To schedule a FREE real estate specialists consultation please contact Darryl Baskin and Pamela Wright of Baskin Real Estate Specialists powered by eXp Realty.
DARRYL BASKIN
Baskin Real Estate Specialists, eXp Realty
Email: darryl@darrylbaskin.com
Tel: 918 258 2600
Tel: 918 732 9732
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