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No-money-down mortgages are back

By ChrisKolmar   2013 Feb 1, 5:03am   ↑ like   ↓ dislike   749 views   2 comments   watch (0)   share   quote

Its 100% financingthe same strategy that pushed many homeowners into foreclosure during the housing bust. Banks say these loans are safer: Theyre almost exclusively being offered to clients with sizable assets, and they often require two forms of collateralthe house and a portion of the clients investment portfolio in lieu of a traditional cash down payment.


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1   jvolstad (26/26 = 100% civil)   2013 Feb 1, 5:09am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

20% down, 20% down, 20% down. If you want a house, you need 20% down.

2   epitaph (1/1 = 100% civil)   2013 Feb 1, 5:46am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

Anything less than 20% should be illegal.

I agree that borrowing cost is less than inflation, but stock is volatile, cash is not. Show me the money.

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