How to buy a house with no money down payment
Buying a home is one of the biggest investments you'll ever make, and it can be a daunting task if you don't have enough money saved up to put down a deposit. But don't worry, there are ways to buy a house without any money down! In this article, we'll outline four ways to achieve this, and let you know which one is best for you. What is a no money down loan? A no money down loan is a mortgage product that does not require any initial down payment. This type of loan is typically offered by lenders to borrowers who meet certain criteria, such as having good credit and a steady income. The borrowers must still qualify for a traditional mortgage product, such as a Fixed-Rate or Variable-Rate Mortgage. How does a no money down loan work? Buying a house with no money down can be done in a few different ways. One way is to use a Cash-Out Refinance. This means you borrow money from the bank and use it to buy the house. You then sell the house and the proceeds go towards ...