100% Financing - the No Money Down Mortgage
100% Financing - the No Money Down Mortgage You could own your own home for what you pay in rent ! If your credit has been good for the past 2 years and you have been in the same line of work for 2 or more years, you may qualify for the No Money Down Mortgage. This mortgage allows you to finance 100% of the property value. The costs you would be responsible for at the time of closing would be either an appraisal fee and your legal costs or an insurer fee and your legal costs, depending on which lender approves your mortgage application.
If you are having trouble saving a down payment then this might just be the mortgage for you. Homeownership may be closer than you think !
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