Did you know that Low Down Payments are not just for "First time homebuyers?"
As reported in a recent CNBC article:
"Defaults on recent low down payment loans, so far, are slow, but that is as much a factor of the good credit quality as it is the strength of the housing market. Home prices are rising incredibly fast, meaning those borrowers are gaining equity in their homes quickly."
So what does this mean to you....basically many mortgage programs are allowing buyers to put down under 10% to purchase their next home. You need to discuss how this new trend can affect you and the purchase of your next home!
I hope this helps! Beth Seifart