A Look into the Cost-Effectiveness of Low-Down-Payment Loans
Prospective buyers today have a variety of low-down-payment programs to choose from
Feb. 9, 2015
A Look into the Cost-Effectiveness of Low-Down-Payment Loans
The New York Times looks into several programs that let prospective home buyers put less down.
Critics of Fannie and Freddie’s low-down-payment programs question whether borrowers’ having such small stakes in their homes will result into another rush of defaults, the New York Times report.
“[It] is important to know that the low-down-payment options now available are not synonymous with the subprime loans that proliferated during the housing bubble,” writes Tara Siegel Bernard, personal finance reporter for The New York Times.
