[Gay State Conservative]

Well,one thing’s for certain...the days of the 0% down mortgage are over.Which is fine by me,at least partially because the last time I applied for a mortgage the standard procedure was 20% down.

[Frantzie]

Totally agree. These BS 1% or 5% down or nothing down and you get cash back nonsense plus ARMs with teaser 1% rates were a disaster waiting to happen.

[TSgt]

My wife and I lived on noodles for a year to save the 20% down required to buy our first home.

Others can eat noodles too.

I don’t anymore.

[dartuser]

I am gonna argue the other side of the coin. I wouldn’t want to put 20% down on a house now. I will go to whatever length the mortgage company wants to verify my income and credit ... but they are not getting 50 grand off me in this market.

[AmusedBystander]

I applied for a mortgage the standard procedure was 20% down.

There are plenty of those underwater who did put down 20%. Unfortunately, the market went down 50%.

[driftdiver]

“Well,one thing’s for certain...the days of the 0% down mortgage are over.”

Unfortunately they aren’t. In fact with tax rebates you don’t even have to pay closing costs.

[Kozak]

Well,one thing’s for certain...the days of the 0% down mortgage are over.

Really? Cause these guys are still advertising zero down and 4% financing.....

Autumn Hall Wilmington NC