You take out a FHA loan - with a down payment low as 3%... so you buy a house at $200k you only need $6k to get into a house... then you get $8k back from the government... Isn't that same is 100% financing?!?!?
Count my word... these people will be my customer... no incentive to stay in a home if you have no down payment... what will happen if market declines another 20-30%...
That is not bad I got my first home the same way in a bad market and I was a first time buyer I even collected 5,000.00 from the buyer at closing.
REstatebuyersClub1 2 years ago
You take out a FHA loan - with a down payment low as 3%... so you buy a house at $200k you only need $6k to get into a house... then you get $8k back from the government... Isn't that same is 100% financing?!?!?
Count my word... these people will be my customer... no incentive to stay in a home if you have no down payment... what will happen if market declines another 20-30%...
ShortSalesBuyers 2 years ago
good info, thanks :)
abeismain 2 years ago