NO MONEY DOWN BANK MORTGAGES ARE BACK!!! #EconomicCollapseNews
The banks are now giving sellers house loans without no money down!
yes, you heard me right! I have personal talked to many motived real estate home sellers in the past few days, and many of them moving into a $500,000.00 plus home with no money down!
The go a VA loan and now today, they can not make the payments and want to down size.
I am selling sellers buying houses 2 times their budget because interested rates been so loan, however, these same seller can not afford the house payment because of tax or large bills that comes with house ownership!
Most of these seller will end up on the foreclosure, as most of the home sellers are fighting with home builders for buyers!
Why would a home buyer buy an few years old home, when next door is a new houses with 10 year warrantees and the smell of new houses?
Please builders cut their prices to get the deal done, while tradition seller can not as they just bought their houses maybe few years back and now when they want to sell they can not bcuawe of too much inventory and competition
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EconomicCollapseNews #NoMoneyDownMortgages #BankLoans