According to Black Night Financial Services, 1.5 million Americans have purchased a home with less than 10% down in the last 12 months. That is great news for buyers as this marks a 7 year high.
Many mortgage companies offered by agencies like Freddie Mac, Fannie Mea, and Rural Development allow buyers to put down next to nothing to purchase their dream homes. The strength of the housing market has aided buyers who use low down-payment options
to buy verses rent.
Low down payments are not just for first time home buyers. These programs who have allow home owners who want to capitalize on the equity they have in their homes to use the profit from their sale to pay-off high interest credit cards, fund education
or even start a business.
BOTTOM LINE: Gone are the days where you had to put down 20% or no mortgage. What can you build with the equity in your house, Lets get together today to evaluate your ability to achieve tomorrow's dreams!!!