No Money Down?

Here we go again, no money down mortgages. I know you are thinking…the market will crash again and it will be a mess!  Not necessarily. Think of a VA loan. No money down but they are very scrutinous as to the Buyer’s ability to pay. The foreclosure rate of VA loans is extraordinarily low and it is because the Buyers are thoroughly vetted. So no money down loans can be an avenue for a Buyer to realize homeownership, have the ability to pay but not necessarily have a huge down payment.

So my fellow REALTORS, be good to each other and Happy Fathers Day to all of you Fathers out there. You are our unsung heroes, the first man in your daughters lives and the mainstay of the family.

Until Next Monday…


This entry was posted in 2016 President, A Better You, VA Home Loans and tagged , , , , . Bookmark the permalink.

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