Buy a Home With Zero Cash
"Now you can realize the dream of owning your own home with zero down payment."
The Zero Cash Down Payment Program offers you a way to buy a home with no down payment. That's right, zero down payment. You may have owned a home before and are presently renting, or are a first time homebuyer and need a way to break into the housing market but held back because you thought you required a substantial down payment. Or you may be in the position where you do not want to liquidate your financial assets to use as a down payment on a home. Regardless of your present situation, you want a way to get into, or to re-enter the housing market without having to make a cash down payment. The Zero Cash Down Payment Program may be just the answer you need. Here's what is required to qualify for the Zero Cash Down Payment Program.
Program Qualifications
1. An Excellent Credit History
-No recent history of bad debts
-Consistent and timely payment of current liabilities
-Minimum Beacon score of 650 +
2. Limited Liabilities
You will be required to disclose all current liabilities you have in order to determine how much more debt you can carry. (ie. present car loan, credit cards, etc.)
3. At Least 3 Years of Employment Stability
You will be required to show proof of employment for the past 3 years, ie. a letter of employment from your employer or financial statements for the past 3 years if self-employed.
4. The Financial Ability to Carry Larger Monthly Payments
Without a down payment you will be required to meet the obligation of larger mortgage payments. Your monthly payments could vary from a few to several hundred dollars more per month.
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Don’t Pay Another Cent in Rent To Your Landlord . . .
"If you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours."
Don’t Feel Trapped Anymore
It doesn’t matter how long you’ve been renting, or how insurmountable your financial situation may seem. The truth is, there are some little known facts that can help you get over the hump, and transfer your status from renter to homeowner. With this information, you will begin to see how you really can:
Ø Save for a down payment
Ø Stop wasting thousands of dollars on rent.
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Jimmy was referred to us by a friend to help us relocate from Milton. He made shopping for our home fun & easy. I didn't think I could buy a home. First, he got us in touch with a lender who gave us a mortgage that required no down payment. Then Jimmy helped us buy our home $5000 below the appraised value! But that wasn't all! He also negotiated and got the seller to pay us credit of $2000 to cover our closing costs and had them fix certain repairs. I have already referred family to them and will continue to do so. Thanks!
Matt & Joan. Hamilton
Satisfied-1st time buyers
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6 Little Known Facts That Can Help You Buy Your First Home
The problem that most renters face isn’t their ability to meet a monthly payment. Goodness knows, they must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.
But saving for this lump sum isn’t as difficult as you might think. Consider the following 6 important points:
1. You can buy a home with much less down than you think
There are some local or federal government programs (such as 1st time buyer programs) to help people get into the housing market. You can qualify as a first time buyer even if your spouse has owned a home before, as long as your name was not registered. Ensure that your real estate agent is informed and knowledgeable in this important area, so they can inform you of any programs that may be of assistance.
2. You may be able to get your lender to help you with your down payment and closing costs
Even if you do not have enough cash for a down payment, if you are debt free and own an asset free and clear (such as a car), your lending institution may be able to lend you the down payment for your home by securing it against this asset.
3. You may be able to find a seller to help you buy and finance your home
Some sellers may be willing to hold a second mortgage for you as a seller take-back. In this case, the seller becomes your lending institution. Instead of paying the seller a lump sum full amount for his or her home, you would pay monthly mortgage installments.
4. You may be able to create a cash down payment without actually going into debt
By borrowing money for certain investments to a specified level, you may be able to generate a significant tax refund for yourself that you can use as a down payment. While the money borrowed for these investments is technically a loan, the monthly amount paid can be small, and the money invested in both home and investment will be yours in the end.
5. You can buy a home even if you have problems with your credit rating
If you can come up with more than the minimum down payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.
6. You can, and should, get pre-approved for a home loan before you go looking for a home
Pre-approval is easy, and can give you complete peace-of-mind when shopping for your home. Mortgage experts can obtain written pre-approval for you at no cost and no obligation, and it can all be done quite easily over the phone. More than just a verbal approval from your lending institution, a written pre-approval is as good as money in the bank.
This conversation costs you nothing, and of course, you shouldn’t have to feel obligated to buy a home at the time you review this information. But by taking the time to explore your options and learn about the ways you can afford to buy a home, you’ll be prepared and relaxed when it comes time to make this important step.
No Money Down or Zero Cash Down Payment Program
Under the Terms of the Program You Can Purchase Many Types of Properties.
They include:
Detached or semi-detached homes
Free-hold townhomes
Condominium townhomes
Duplex
Owner occupied properties only
It is important to note that not all properties qualify for the Zero Cash Down Payment Program. To ensure that you get an accurate picture of what properties may or may not be included in this program in your particular area, it is advisable to review the terms of the program with your Realtor®.
Benefits of the Zero Cash Down Payment Program
1. No Down Payment
If you are renting, why pay your landlord's mortgage? Why not reap the benefit of building your own equity? Are you renting because you are held back from owning your own home because you think you need a substantial down payment? The general perception of many would-be-homebuyers and even that of some Realtors, is that a substantial down payment is required in order to purchase a home. This is simply not true. Because of this perception many would-be-homebuyers feel they have to save for years before they have enough money for a down payment so that they can finally enter the housing market. In the meantime they are lining someone else's pockets, while waiting a long time before they can start building their own equity. With the Zero Cash Down Payment Program, you don't need a down payment to buy a home.
2. Buy a Home Now!
If needing a down payment is keeping you from owning your own home, this new program offers you an immediate way to get into the housing market. With the Zero Cash Down Payment Program you don't have to wait to purchase a home.
3. Approved Bank Program
It is important to know that the Zero Cash Down Payment Program is an approved bank program. Review this program with your lender or Realtor, who has specialized knowledge in financing and can assist you with the Zero Cash Down Payment Program.
"Helping Families Make the Right Move !"
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