Monday, December 9, 2013

Banks offering mortgages with only 5 percent down payments

Source: CNNMoney 

Banks like TD Bank, Bank of America, and Wells Fargo are now offering loans with down payments that are as low as 5 percent, which will help buyers who had trouble coming up with enough cash to make a 20 percent down payment. Rising home prices have led private lenders to loosen the purse strings. 
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