No-money-down mortgages are back

Posted on Mar 2, 2013 in Stated Income Loans

No-money-down mortgages are back
Banks say these loans are safer: They're almost exclusively being offered to clients with sizable assets, pill treat and they often require two forms of collateral—the house and a portion of the client's investment portfolio in lieu of a traditional cash down …
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Just approved: With special deals, cheap teacher buys Excelsior home
Along with their 30-year fixed mortgage, the buyers used the San Francisco Mayor's Office of Housing's Down Payment Assistance Loan Program (DALP) that provided a silent second loan of $ 70,000 at no interest with no monthly payments. The program will …
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China Tightens Mortgage Rules as Home Prices Keep Rising
China called for higher down payments and interest rates for second-home mortgages in cities with “excessively fast” price gains and ordered stricter enforcement of taxes on sales as authorities step up a three- year campaign to cool the property …
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Chrysler, VW, GM report sales growth in February
Kurt McNeil, the company's U.S. sales chief, said the recovery in new home construction is helping to boost the economy and pickup sales. When home construction thrives, businesses tend to invest more to replace vehicles. The average age of a …
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