Today it is possible to buy a home without making a down payment. This is called a
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Today it is possible to buy a home without making a down payment. This is called a 100 percent mortgage. It is available to people with good credit scores and usually requires private mortgage insurance and slightly higher interest on the overall loan.
1. Research Use an Internet search engine to fi nd a financial institution that offers 100 percent mortgages.
2. Think Critically For whom would a 100 percent mortgage be a good deal?
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Related Book For
Business And Personal Finance Kid S Kits My Money Money Talk For The Young And Savvy
ISBN: 978-0078684159
1st Edition
Authors: Mcgraw Hill Education
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