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Return of 100% Financing
February 4th, 2013 5:38 PM
Some affluent buyers are getting the keys to their new home without putting a penny down.

It's 100% financing—the same strategy that pushed many homeowners into foreclosure during the housing bust. Banks say these loans are safer: They're almost exclusively being offered to clients with sizable assets, and they often require two forms of collateral—the house and a portion of the client's investment portfolio in lieu of a traditional cash down payment.

http://online.wsj.com/article/SB10001424127887323539804578264272974489236.html?mod=WSJ_RealEstate_RIGHTTopCarousel

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Posted by Teresa Molina on February 4th, 2013 5:38 PMPost a Comment

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