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Tuesday, December 9, 2014

Is the 3% Down-Payment Mortgage Making a Comeback?

In an effort to open up mortgage lending to first time home buyers and restricted income families, this interesting article and video indicates that the 3% down payment mortgage may be making a comeback.  Strict criteria such as minimum credit score, minimum household income requirements, and private mortgage insurance will apply, so be sure to stay in communication with your trusted Realtor® and mortgage professional. The Wayne Brazier Team is always ready to connect you with the resources needed to help you purchase or sell your home.  Call us today at (252) 285-5655 or visit us at http://thewaynebrazierteam.com.    Read on for more information:

\http://money.cnn.com/2014/12/08/real_estate/3-down-payment-mortgage/index.html?sf6238525=1

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