Real estate prices are shooting up and people are finding it difficult to come up with the first down payment. Since the rents are also increasing, people find it easier to buy a home. However, when you approach a lender and say that you want a no money down loan, they see you as high risk. The interest rates can be higher than normal for such people.

This entry was posted on Monday, March 8th, 2010 at 8:54 pm and is filed under mortgage information. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.