collapse

Advertisement


Author Topic: 0% Down. Check it out!  (Read 2470 times)

Offline pianoman9701

  • Mushroom Man
  • Business Sponsor
  • Trade Count: (+5)
  • Legend
  • *****
  • Join Date: Mar 2011
  • Posts: 43300
  • Location: Vancouver USA
  • WWC, NRA Life, WFW, NAGR, RMEF, WSB, NMLS #2014743
    • www.facebook.com/johnwallacemortgage
    • Apply for a loan
Re: 0% Down. Check it out!
« Reply #15 on: May 20, 2024, 11:36:23 AM »
I didn't want to post Wa fed on your thread. I know this is your profession and I wanted to respect that.

I appreciate that. The post is about another topic but I asked you.  :)

Now, back to $0 down! The normal 3% down payment isn't a gift. It's deferred until that mortgage is closed, either by sale, refi, etc, and will be paid off at the end. But there's no interest, no payments, and it doesn't affect DTI. The maximum limit is $15,000.

Remember that if you're an honorably-discharged veteran or active duty, you can get a mortgage with 0% down, but also no PMI, which saves you hundreds of dollars a month. In addition, VA mortgages are normally a lover interest rate than conventional.
"Restricting the rights of law-abiding citizens based on the actions of criminals and madmen will have no positive effect on the future acts of criminals and madmen. It will only serve to reduce individual rights and the very security of our republic." - Pianoman

Offline highside74

  • Political & Covid-19 Topics
  • Trade Count: (+11)
  • Frontiersman
  • *****
  • Join Date: Oct 2009
  • Posts: 4551
  • Location: Eatonville wa
Re: 0% Down. Check it out!
« Reply #16 on: May 20, 2024, 11:55:28 AM »
I didn't want to post Wa fed on your thread. I know this is your profession and I wanted to respect that.

I appreciate that. The post is about another topic but I asked you.  :)

Now, back to $0 down! The normal 3% down payment isn't a gift. It's deferred until that mortgage is closed, either by sale, refi, etc, and will be paid off at the end. But there's no interest, no payments, and it doesn't affect DTI. The maximum limit is $15,000.

Remember that if you're an honorably-discharged veteran or active duty, you can get a mortgage with 0% down, but also no PMI, which saves you hundreds of dollars a month. In addition, VA mortgages are normally a lover interest rate than conventional.

If you combined this offer with a builder that is offering to help buy down the Interest rate the buyer could be in a great position they weren't expecting.

Offline pianoman9701

  • Mushroom Man
  • Business Sponsor
  • Trade Count: (+5)
  • Legend
  • *****
  • Join Date: Mar 2011
  • Posts: 43300
  • Location: Vancouver USA
  • WWC, NRA Life, WFW, NAGR, RMEF, WSB, NMLS #2014743
    • www.facebook.com/johnwallacemortgage
    • Apply for a loan
Re: 0% Down. Check it out!
« Reply #17 on: May 20, 2024, 02:28:04 PM »
I didn't want to post Wa fed on your thread. I know this is your profession and I wanted to respect that.

I appreciate that. The post is about another topic but I asked you.  :)

Now, back to $0 down! The normal 3% down payment isn't a gift. It's deferred until that mortgage is closed, either by sale, refi, etc, and will be paid off at the end. But there's no interest, no payments, and it doesn't affect DTI. The maximum limit is $15,000.

Remember that if you're an honorably-discharged veteran or active duty, you can get a mortgage with 0% down, but also no PMI, which saves you hundreds of dollars a month. In addition, VA mortgages are normally a lover interest rate than conventional.

If you combined this offer with a builder that is offering to help buy down the Interest rate the buyer could be in a great position they weren't expecting.

I agree. That's a great idea. Builders usually have deals with lenders to give them business. Somehow, they get around illegal referral fee laws and the end result is often an increased rate.
"Restricting the rights of law-abiding citizens based on the actions of criminals and madmen will have no positive effect on the future acts of criminals and madmen. It will only serve to reduce individual rights and the very security of our republic." - Pianoman

Offline bustedoldman

  • Business Sponsor
  • Trade Count: (+7)
  • Longhunter
  • *****
  • Join Date: Jul 2015
  • Posts: 575
  • Location: Moses Lake
  • TEAM Potbelly Stallions
Re: 0% Down. Check it out!
« Reply #18 on: May 30, 2024, 06:46:47 AM »
Will this work for a multi family residence (Duplex)?

Offline pianoman9701

  • Mushroom Man
  • Business Sponsor
  • Trade Count: (+5)
  • Legend
  • *****
  • Join Date: Mar 2011
  • Posts: 43300
  • Location: Vancouver USA
  • WWC, NRA Life, WFW, NAGR, RMEF, WSB, NMLS #2014743
    • www.facebook.com/johnwallacemortgage
    • Apply for a loan
Re: 0% Down. Check it out!
« Reply #19 on: May 30, 2024, 09:32:44 AM »
Sorry, no - single unit only.
"Restricting the rights of law-abiding citizens based on the actions of criminals and madmen will have no positive effect on the future acts of criminals and madmen. It will only serve to reduce individual rights and the very security of our republic." - Pianoman

 


* Advertisement

* Recent Topics

Help Needed (Bear Hunt for my Son) by jrebel
[Today at 06:26:56 PM]


Commercial Fishing by Skyvalhunter
[Today at 06:20:32 PM]


14 days by hunter399
[Today at 06:11:18 PM]


Game Bird Sellers by BearGuy1
[Today at 06:03:06 PM]


Friday's Commission vote on WOlves and Cougar by fishngamereaper
[Today at 05:39:57 PM]


Grizz attacks huckleberry picker by pashok23
[Today at 05:26:19 PM]


Archery Black Bear by Feathernfurr
[Today at 05:13:41 PM]


Name that animal! by GOcougsHunter
[Today at 05:02:28 PM]


Landowner Cow Tag Sought by STIKNSTRINGBOW
[Today at 03:55:38 PM]


delivery help by walt
[Today at 03:19:51 PM]


Dinner time by kellama2001
[Today at 02:45:32 PM]


2024 Mountain View Rifle Quality Bull by 6haase6
[Today at 02:36:06 PM]


Boat light wiring help by MIKEXRAY
[Today at 01:54:46 PM]


What would you do? by dilleytech
[Today at 12:54:52 PM]


Having my Dads Buck remounted ( UPDATE WITH PICS ) by zwickeyman
[Today at 12:21:15 PM]


Commissioner of Public Lands 2024 by Special T
[Today at 12:20:12 PM]


Montana alternate list is out by Twispriver
[Today at 12:11:40 PM]


Gardiner Boat Ramp by KNOPHISH
[Today at 11:11:16 AM]


Taneum Elk Hunt by justintaylor62
[Today at 10:56:37 AM]


Reloading Question: Loading for Mag Length vs Lands by hunter399
[Today at 10:38:29 AM]

SimplePortal 2.3.7 © 2008-2024, SimplePortal