Beware on buying a home with no down payment
You have dreamed with buying a home in South Florida for years and, although you don’t have the money to make the down payment, you feel encouraged by the fact of putting a small amount of it or nothing down on your mortgage.
According to some articles and books that have been published in that regard, a buyer can opt for not paying anything down and take that money for an investment as a formula that eventually can demonstrate that a down payment turned into an investment would exceed the mortgage in terms of value.
It is a mortgage strategy that mostly works with two main keys: no money down and payment option ARMs. It means that the buyer will pay an interest-only payment, a low pay rate of 1 percent approx as a replacement of a complete indexed payment where a fraction of the home payment goes to the principal and the other fraction goes directly to interest. Buying a home this way may sound really encouraging, especially if you have dreamed with buying a home in South Florida for so long. However, this plan is not for everybody.
It may work for buyers who can follow the plan just as it is presented. So, beware on buying a home with no down payment. In all cases, ask your Real Estate Agent for assistance before it is too late.
Fill this form so we can responde to your questions
BLUE ONE Realty offers the Home for sale in Florida section to fulfill your expectations about what really involves homeownership in Florida State. Home for sale in Florida counts with instructive articles related to location, property search, home buying process, home buying tips and more. It doesn't matter if you are a first time homebuyer or an experienced home investor. BLUE ONE Realty provides the right tools for you to succeed throughout the entire home buying process by educating you with the best possible ways to buy a home in Florida as well as preparing yourself to write an offer to buy a home in Florida State. Home for sale in Florida
REAL ESTATE ARTICLES
BLUE ONE Realty provides this Florida Mortgage Rates and Mortgage Caculator section to keep you informed and trained with articles related to different types of mortgage loan programs to buy a home. There are different types of mortgage programs and that's why BLUE ONE Realty decided to create this section to alert and help you with weekly articles. If you are determined to buy a home in South Florida, you definitively must be qualified and get-approved for a mortgage loan as well as getting your financial situation in good standing. Florida Mortgage Articles and Mortgage Caculator
BLUE ONE Realty offers a Florida Real Estate section for you to learn more about real estate in Florida whether you are a first time homebuyer, home investor or want to sell a property. Florida Real Estate will keep you updated with specific articles about the Florida real estate market. The purpose of this Florida Real Estate section is to make you feel secure about the decisions you will be taking when doing a Real Estate transaction now or in the near future. BLUE ONE Realty provides high quality guidance to everyone interested in buying Real Estate in Florida. Florida Real Estate
Real Estate Glossary
Understanding is the main theme of all professions and careers. Real Estate is not the exception and in this section you will find all the technical words and daily used words within the market but in a more comprehensible language. Real Estate Glossary
If you want to buy a home in South Florida, you have found the perfect place! BLUE ONE Realty provides the best tools for you to find the home of your dreams in South Florida.
- Advance Property Search
- Homes for Sale in Florida
- Foreclosures for Sale in Florida
- Homes for rent in Florida
- Popular Home Searches
- Pre Construction for Sale in Florida
- Mortgage Tools
- South Florida Cities
- Florida Real Estate Articles
- Buying Tips
- IdxPro: Property Search
- Real Estate Applications
- Visit us!
By visiting this section you can be informed about the home selling process and for how much your home should be valued and more…!
Becoming a BLUE ONE Realty Agent is one of the best decisions you will make in your Real Estate careers, and as we all know, in Real Estate as in Life is all about making good decisions...
- Why you should join us?
- 100% Commission
- Get paid at closing
- Be our Real Estate Partner
- Online Presence
- Promotional Tools
- Real Estate Office Space
- Call us today!
- Real Estate Agents Login
- Visit us!
BLUE ONE Realty is a lot more than a Real Estate company. We are a team of professionals who know how important and stressful buying or selling a home could be...