Is 100% Financing a Good Idea?
Posted by Florida Realty Marketplace on
Is 100% financing a good idea?
Finding the right financing program for your new home can be just as important as finding the right home itself. 100% mortgage financing is a popular option, with a lot of misconceptions and questions surrounding the products that are available to you. Let's take a look at some of the pros and cons of 100% financing to help you further understand if this is a worthwhile option for you while searching for homes for sale in Groveland, FL.
There's no such thing as 100% Financing
The idea that you could get your entire home purchase financed is incorrect. The mortgage industry originally got in trouble by offering nearly 100% financing back in 2008. While restrictions have been loosened since then there isn't any…
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