Wednesday, December 4, 2013

Banks offering mortgages with only 5% down payments

NEW YORK (CNNMoney)

Good news for homebuyers who don't have a lot of cash on hand: Banks are offering loans with down payments of just 5%.


After the housing bubble burst, buyers needed to come to the table with as much as 20% down or they had to turn to the Federal Housing Administration for a low down-payment loan.

READ THE REST OF THE ARTICLE HERE

No comments:

Post a Comment