100% Financing is Still Alive

100% financing was so mainstream in the mortgage market 5 years ago, as was subprime financing. Can you believe there were also creative ways to make subprime financing 100%. Those days are long gone. This lending practice left the mortgage world in turmoil and upside down. The defaulting 100% and subprime loans are a major contributor to the rise in foreclosures.

So where does that leave the home buyer of today seeking 100% financing. There are still 100% financing products available. The guidelines are more strict and what's available is only offered through federal and state governments.

Dave Shelor with Prosperity Mortgage has written an article on the options a home buyer has today. View it here.

Thanks Dave!