Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : No Money Down real estate loan is gaining momentum across the globe

« Mortgage rates are up again but should improve ever so slightly on Monday | Main | Student loan subsidy loophole closure is approved by House Education and Workforce Committee »

July 23, 2005

No Money Down real estate loan is gaining momentum across the globe

No Money Down mortgage has been going global for a while. It simply amazes us, at Bad Credit Advisor, how quickly it spread.
Very few banks in the USA wrote No Money Down home loans just several years ago. Now everyone here is into this and over the ocean too.

Irish banks are competing for the shrinking mortgage business and Ulster Bank just introduced 100 percent First Time Buyer mortgage.

Two other banks in Ireland have already announced similar programs.

No Money Down is a very powerful tool that gives some buyers much more buying power and also creates new buyers, thus helping to maintain robust real estate market.

Posted in Mortgages at July 23, 2005 03:21 PM

Email this entry to a friend

Welcome

Bad Credit Advisor online magazine provides daily news about credit, debt and mortgage. We aren't paid to mention specific deals or products. We cover what we think is interesting as industry professionals ourselves.

Information

About
Contact
Disclaimer

Syndicate

RSS 2.0 Feed