GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Should you ever buy a house with no money down?

clickhappy · 06-09-2004, 09:01 PM

I talked to a mortgage guy and he said that my credit is so good I could get a mortgage with no money down, no docs, and no pmi but the rate would be 7.2.

Is that dumb to do that? I know theres a lot of real estate investors who would know immediately if a nothing down deal with a higher rate is a good idea or a bad idea

06-09-2004, 09:01 PM
clickhappy Confirmed User Industry Role: Join Date: Mar 2004 Posts: 4,027	Should you ever buy a house with no money down? I talked to a mortgage guy and he said that my credit is so good I could get a mortgage with no money down, no docs, and no pmi but the rate would be 7.2. Is that dumb to do that? I know theres a lot of real estate investors who would know immediately if a nothing down deal with a higher rate is a good idea or a bad idea