If what you are looking for is just a house for yourself or if you are looking to buy houses for investment, this information will help you get a house without money.
Few people believe that in today’s bad economy, they can still get 100% financing, but this is still possible. The secrets we are about to tell you are rarely known, but they are used to finance professionals quite frequently. From Denver CO homes you can find the best choices now.
There are two ways to get homes without having the necessary money.
Banks – Obtaining 100% financing in a conventional manner in a bank is no longer possible, but there are other legal ways to obtain 100% financing. There are two different ways to do this without money.
- Obtain the first mortgage in the bank of 70-90% of the purchase price and ensure that the seller of the property can finance the other 30 to 10% of the remaining balance, in a second mortgage. The combination of these two mortgages is to obtain 100% financing.
- Obtain a property under contract for market value and then have a valuation made at the highest market value. Then, take the appraisal to the bank and get a loan of 70 to 90% on the highest appraisal amount, which would give you