Major banks now offering no down payments on home loans l GMA

One major bank is offering no money down on mortgages for some homebuyers.

READ MORE:
How rapidly rising mortgage rates are squeezing prospective homebuyers: ‘Do the math’: https://abcn.ws/3LBvAAp

#ABCNews #HomeLoan #NewHome #Banking #Mortgage

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Author: Rafael

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25 thoughts on “Major banks now offering no down payments on home loans l GMA

  1. It's as if stealing homes is a profitable business model. It's certainly cheaper than Blackrock's model of paying 20% over asking price in cash to steal from the only responsible buyers left. How much is a property deed worth when the government that backed it crumbles? How long before we find out? Every industry is devouring itself.

  2. Its 50/50. They will offer it to you, but you have to be responsible with the payments, so now is your chance to bring your A game in responsibility.

  3. These types of loans are how we got into that mess in 2008. This is pure stupidity. These banks are not here to help. Work 2 jobs and get a non adjustable mortgage. Balloon payments and arm payments means YOU WILL LOOSE YOUR HOME. THIS IS PREDATORY LENDING!!!!!

  4. i can almost guarantee this will end up helping the real estate mega-cabals like blackwater buy even more property without spending of their own money, the democrats have completely sold out to investors on wall street and they dont even really pretend to care about the poor anymore to keep up appearances thats how sewn up they have it now.

  5. This sounds familiar. No money down, minimal payments, unlimited terms. Recall when millions abandoned their homes when rates skyrocketed. But then again the mathematically illiterate can't comprehend compound interest.

  6. “Enter by the narrow gate. For the gate is wide and the way is easy that leads to destruction, and those who enter by it are many."
    — Matthew 7:13

    "Jesus told him, 'I am the Way, the Truth, and the Life. NO ONE comes to the Father except through me."
    — John 14:6

    "Salvation is found in no one else, for there is no other name under heaven given to mankind by which we must be saved.”
    — Acts 4:12

    "Jesus answered and said to him, "Truly, truly, I say to you, except anyone be born from above, he is not able to see the kingdom of God."
    — John 3:3

    "And I will give you a new heart, and I will put a new spirit in you. I will take out your stony, stubborn heart and give you a tender, responsive heart."
    — Ezekiel 36:26

  7. Getting yourself into something you already can't afford doesn't end well for anyone. Just another way white savior complex acts like they're helping POC when you're just setting them up for failure

  8. They are hellbent on making this a depression. In the 11th hour getting in as many unqualified drifters as possible that have no assets to even be able to afford a down payment on average priced home now nearly 1/2 million dollars. Maybe we can go back to interest only ARM loans so they can dump the home with each rate increase

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