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Old 05-17-2011, 06:03 PM
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Join Date: May 2011
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Default Considering buying a second house, no money down...

...mortgage? We are wanting to upgrade to a larger home but do not want to take a huge loss on selling our home right now. Ideally, we would like to rent our place out and go ahead and buy a second home. The thing is, we put all of our money down when we bought our first place (over 50% of selling price.) So, we don't really have a whole lot to put down if we wanted to buy a second place. My question is, are banks still offering "no money down" 30 yr. fixed rate mortgages to well qualified buyers...or is that a thing of the past? Thanks...
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