Thursday, July 26, 2007
100% Mortgage Financing is Still Available
Contrary to popular opinion, it is still possible to finance 100% of the purchase price of your new home AND have the seller provide between 3-6% to cover closing costs! You can basically move into a new home with little or no money coming out of your pocket. This is especially important for some First Time Homebuyers who may not have accumulated a large enough nest egg to but down 10-20% to purchase a home in NY or CT, where I do most of my business and home prices remain high.
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