Listening to the banks, zero down from a buyer is extremely risky. Upon further analysis of this mindset, who really is at the most risk? The banks claim that 100% financing leads to consumers with no real monetary interest into a home. Therefore, the banks holds all the risk. If that is the case, then 100% financing must really be good for the consumer for the same reason. With less money into a home, the consumer can ration the down payment money into more important things such as savings account, life insurance, disability insurance, etc...
Let's make it a point to educate the consumers on the reality and benefits of lower down payments. Furthermore, let's so them how to properly manage this option so as to reduce the risk for all interested parties.
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