Has anyone heard of a new mortgage that allows you to put zero money down and has no payments for 12 months?

Answers:2   |   LastUpdateAt:2012-10-19 05:01:01  

Question
maham
Asked at 2012-09-26 09:44:04
A friend of mine just bought a house and told me that her husband has a mortgage that was zero down and no payments for 12 months. She said it was a very new first time home buyers proram . I was looking around online and found no information on any loan like this. Only wonding if anyone has heard of something like that. thx
Answer1JudyAnswered at 2012-10-07 01:54:18
Bank of America is offering something " no closing costs . " It says nothing about no payments for 12 months , however .
Answer2MarkellAnswered at 2012-10-19 05:00:10
Yes , there are all sorts of such programs . Ask your local lending agent .
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