100% FINANCING

ZERO DOWN PAYMENT - LOANS TO $4 MILLION

If your savings are limited, or you prefer to keep your cash available for other investments, then this loan can be your answer to buying a home now.

This loan program usually comes with a first mortgage which is 80% of the purchase price and a second mortgage which will be the remaining 20% of the purchase price. The reason for this is to avoid private mortgage insurance which is usually required on loans where the down payment is less than 20%.

The first mortgage can usually be one of the following:
30 year fixed.
15year fixed.
Adjustable Rate Loans:

6 month adjustable rate loan, 30 year term
2 year fixed rate loan then adjustable for 28 years
3 year fixed rate loan then adjustable for 27 years
5 year fixed rate loan then adjustable for 25 years

Note: The shorter the fixed rate period, the lower the interest rate.

The second mortgage can be either fixed or adjustable.
30 year fixed
30 year fixed with a balloon in 15 years
Adjustable that moves with prime plus

Because INTEREST ONLY is available on some of these loans, you have the option of making a lower monthly mortgage payment or simply qualifying for a larger mortgage.

These programs provide a simple solution to home ownership if you have limited cash resources.

REMEMBER…….
"The answer is no for sure if you don't try"