"Double zero down": 100% financing for home buying MUST be done with planning. There are simple ways to get yourself simpled screwed if you don't know the components. This one goes out to the first time buyers in particular: When you have NOTHING to put "down" on a property, you're going to pay a higher price for lack of planning (i.e. not saving for a down payment). This will come in the form of higher rates. DO NOT forget property insurance and property taxes. Lender often avoid discussing these points to get their deal done, and there you are, ready to close escrow on your first house and need to quickly scramble for 10k in closing costs. Nice. Also, if you pay too much for your new home and the market is soft, you'll quickly be "upside down" where your value is less than you owe. There are GREAT 100% home loans for just about any buyer. Let me logically tell you how it's done, get your ducks in a row and get you into your new home. Don't gamble. I'll make sure your house has the advantage. Pat Townsley, Real Estate Financial Planner guy. 415-485-1776. http://www.ExcellenceInRealEstateFinancing.com . Your referrals are appreciated.
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