Tuesday, December 02, 2008 | 3:22 p.m.

No Down Payment

by Edith Lank

Dear Edith: Are there really ways to purchase a home with no money down? — R.

Answer: Not as many as there used to be.

The Veterans Administration still guarantees 100 percent financing loans for qualified veterans. That means no down payment, though of course other closing costs may be involved.

I suppose you might find a private lender, probably the desperate seller of a property, who would finance the whole purchase for you, though it would be a pretty risky vent ...

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1 Comments | Post Comment
Posted by: Margo
Comment: #1
Thu Jun 12, 2008 8:36 PM

I have a 1,200,000 home, with a high mortgage payment. I just started a business and it may be some time before cash is flowing, I have 400k equity and I was thinking of syndicating the ownership in the house with a 4 year buy out and pay back. Am I crazy? Margo

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