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To: Godzilla
One of the top mortgage lenders in the United States is offering a new program that allows home buyers to put zero percent down on their mortgages.

That's a bad idea on several levels.

It's bad for the lender since the homebuyer isn't invested in the purchase. Walk-away becomes much easier.

It's bad for the homebuyer because much more needs to be financed.

I plan to have 25-50% down when I make my move.

540 posted on 05/30/2024 6:57:23 AM PDT by Lazamataz (If they can do this to TRUMP, they can do this to YOU.)
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To: Lazamataz
It's bad for the lender since the homebuyer isn't invested in the purchase. Walk-away becomes much easier.

They won't even have to walk-away. Good luck evicting them.

541 posted on 05/30/2024 6:59:37 AM PDT by dfwgator (Endut! Hoch Hech!)
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