Posts Tagged ‘Loan Option’

What type of home loan is best for someone with 680 Credit score, no money down?

Sunday, September 7th, 2008
home mortgage loan credit
The Skizzanator asked:


I’m looking to buy a home. My credit score is 680, but I have no money to put down. What is the best loan option for me? A friend is buying a home and he says his rate is 1% and his mortgage increases by 1% per year. Not his interest rate, but his mortgage payment. That doesn’t sound right to me. Any advice?

Andrew