Buyers of residential homes who have no resources for the down payment can now hope to find a home of their dreams by looking out for 0 down home loans. These loans are ideal for people who have no savings but are looking to move out of the rental market. Typically, a new buyer would be required to make a 20% down payment against the value of the property and arrange for the rest from banks or mortgage companies. Perhaps few people would have that kind of money in hand.
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