Buying a Home With No Money Down
Buying a house is one of the biggest financial decisions you’ll ever make. But if you’re looking to buy a property without putting down a single cent, there are ways to do so.
Purchasing a home without putting any money down is easier than you might think. In fact, there are many different options available to you that may allow you to buy a property with little or no money down. However before you start it’s a good idea to go over the buying process with a realtor.
Here’s how it works.
If you are looking to buy a new home, you will likely be asked to put some money down. Banks request anywhere from 10{652c8fb763fc8dfdcd69f22cbb5c1327cbb2dfd418e4a6447fa287eb2e1a59c9}-20{652c8fb763fc8dfdcd69f22cbb5c1327cbb2dfd418e4a6447fa287eb2e1a59c9}, so for a $500k home at 10{652c8fb763fc8dfdcd69f22cbb5c1327cbb2dfd418e4a6447fa287eb2e1a59c9} that’s $50,000. Ouch!
However, there are several finance options available to help buy a home with no or little …