FYI- You CAN and We just DID buy a house w/ ZERO DOWN!!
Original post by ValeryEsq
Hi all. I do not post often but have read soooo many posts on this site where everyone said you can't buy a house with 0% down and you pay higher interest and etc etc etc...well you can and none of that is true....
My DH and I just bought a house on LI for 420K and did 100% financing and also avoiding the PMI buying doing an 80/20 loan. AND got 5.5% on the 80 loan and 6.0 on the 20 loan. AND we also did sellers concession thus taking a mortgage out for 430K to cover some of out closing costs....in short, all we paid out of pocket was 5K in closing costs. THAT WAS IT!!!!
Yes, we have very good if not perfect credit but we did not have to pay any sort of other fees b/c we were doing 100% finance. Our issue was b/c I was in lawschool we didnt have lot of money saved but now that I am done my DH and I could afford a larger monthly payment but just didn't have the money down. So this worked for us.
So for all of those brides out there who think they CAN NEVER come up with these crazy downpayments-- dont sweat it... all we needed was 5K for closing costs and then we gave the seller 10K to put in his escrow as 'binder money' that he just gave back to us at closing. This way the seller was secure by havng our 10K should we back out, but we didnt have to put it towards the house. So, good luck
MCDO15
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Re: FYI- You CAN and We just DID buy a house w/ ZERO DOWN!!
Posted by lilmrs
As for McD...you say something must be in the sun today....explain what that means?
just seems like threads today are losing focus and drama is occuring
i could understand your point about $$$ but i can also counter it
we should just end all this and be happy for OP getting a house.
MrsERod
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Re: FYI- You CAN and We just DID buy a house w/ ZERO DOWN!!
Posted by MCDO15
we should just end all this and be happy for OP getting a house.
maybe you should tell that to djpill!
glenda2004
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Re: FYI- You CAN and We just DID buy a house w/ ZERO DOWN!!
Oh lord. Let it go.
MrsERod
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Re: FYI- You CAN and We just DID buy a house w/ ZERO DOWN!!
Posted by glenda2004
Oh lord. Let it go.
who's even referring to you?? you want it to be let go? then don't respond and don't get involved...
do you even know what a KIA is?
eta: glenda, i'm sending you an fm
glenda2004
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Re: FYI- You CAN and We just DID buy a house w/ ZERO DOWN!!
Oh lord dont send me one please let me be.
Thanks:)
MrsERod
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Re: FYI- You CAN and We just DID buy a house w/ ZERO DOWN!!
Posted by glenda2004
Oh lord dont send me one please let me be.
Thanks:)
too late.
glenda2004
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Re: FYI- You CAN and We just DID buy a house w/ ZERO DOWN!!
rats! Ive FM you too
Magicgrl21
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Re: FYI- You CAN and We just DID buy a house w/ ZERO DOWN!!
Posted by lilmrs hey know it all...let people do thier own math instead of you flashing people's mortgage payments around. geesh
Why is everyone so easy to jump down everyones throat?? We are supposed to help each other not make people feel bad with ur nasty responses!!
MrsERod
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Re: FYI- You CAN and We just DID buy a house w/ ZERO DOWN!!
Posted by Magicgrl21
Posted by lilmrs hey know it all...let people do thier own math instead of you flashing people's mortgage payments around. geesh
Why is everyone so easy to jump down everyones throat?? We are supposed to help each other not make people feel bad with ur nasty responses!!
i think until you've been here long enough to know some background about certain personalities on here, it's going to be easy to form assumptions about people. remember, there's a rhyme and reason behind EVERY response!
DjPiLL
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Re: FYI- You CAN and We just DID buy a house w/ ZERO DOWN!!
Posted by lilmrs
hey know it all...let people do thier own math instead of you flashing people's mortgage payments around. geesh
Hey know it all... why don't you re-read the thread and you can see that somebody asked what the mortgage payment was going to be on that type of financing.
I calculated the piggyback loan and answered it.
If you want to say how much of a mortgage you want to finance and at what interest rate... and I will gladly offer you the same service.
MrsERod
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Re: FYI- You CAN and We just DID buy a house w/ ZERO DOWN!!
Posted by DjPiLL
If you want to say how much of a mortgage you want to finance and at what interest rate... and I will gladly offer you the same service.
hey, hey, hey...you cannot offer your services without paying the advertising fee on LIW first!!!!!
DjPiLL
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Re: FYI- You CAN and We just DID buy a house w/ ZERO DOWN!!
Posted by MrsERod
hey, hey, hey...you cannot offer your services without paying the advertising fee on LIW first!!!!!
LOL... now thats funny.
Ok... forget it then.
lilmrs
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Re: FYI- You CAN and We just DID buy a house w/ ZERO DOWN!!
Posted by Magicgrl21
Why is everyone so easy to jump down everyones throat?? We are supposed to help each other not make people feel bad with ur nasty responses!!
Really? Don't be hypocritical...you are all ready to jump on others, say they have nasty responses and call them out on new threads all the while under the guise of trying to tell others to be nice
thats the pot calling the kettle black people in glass houses shouldn't throw stones or feel free to add any other cliche that is applicable. Have the most pleasant of days...I am done reading posts from you.
Magicgrl21
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Re: FYI- You CAN and We just DID buy a house w/ ZERO DOWN!!
Posted by lilmrs
Really? Don't be hypocritical...you are all ready to jump on others, say they have nasty responses and call them out on new threads all the while under the guise of trying to tell others to be nice
thats the pot calling the kettle black people in glass houses shouldn't throw stones or feel free to add any other cliche that is applicable. Have the most pleasant of days...I am done reading posts from you.
You just have the most delightful responses!! HAHAHA
MrsERod
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Re: FYI- You CAN and We just DID buy a house w/ ZERO DOWN!!
Posted by MrsERod
i think until you've been here long enough to know some background about certain personalities on here, it's going to be easy to form assumptions about people. remember, there's a rhyme and reason behind EVERY response!
yes...i'm quoting myself...just cause it needs to be said AGAIN!!!!
Magicgrl21
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Re: FYI- You CAN and We just DID buy a house w/ ZERO DOWN!!
Posted by MrsERod
i think until you've been here long enough to know some background about certain personalities on here, it's going to be easy to form assumptions about people. remember, there's a rhyme and reason behind EVERY response!
yes...i'm quoting myself...just cause it needs to be said AGAIN!!!!
NOONE IS TALKING TO U!!!! MYOB
MrsERod
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Re: FYI- You CAN and We just DID buy a house w/ ZERO DOWN!!
Posted by MrsERod
Posted by Magicgrl21
Why is everyone so easy to jump down everyones throat?? We are supposed to help each other not make people feel bad with ur nasty responses!!
i think until you've been here long enough to know some background about certain personalities on here, it's going to be easy to form assumptions about people. remember, there's a rhyme and reason behind EVERY response!
YES - AGAIN!!!!
MrsERod
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Re: FYI- You CAN and We just DID buy a house w/ ZERO DOWN!!
