Short Sale, Foreclosure and Strategic Default

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Monday, August 6, 2007

No Money Down Disappearing as Mortgage Option - washingtonpost.com

No Money Down Disappearing as Mortgage Option - washingtonpost.com

No money down mortgages or 100% financing are becoming rare as major lenders have pulled out of the market.

I remember back in the late 90s when people needed to put down 20% or get very unfavorable rates. In fact even in 2003, going with less than 10% down sometimes caused a penalty in your rates

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