Zero-Down Mortgages Are Back, But Should You Get One?

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Episode #225

Zero-down mortgages are back. That’s right. You can now get into a home with (potentially) zero dollars out-of-pocket. But wait…this is starting to sound a bit like 2008. Remember the fully-funded mortgages that didn’t require income verification? Are we back to the days of NINJA loans as homebuyers struggle with affordability, forcing them to take on zero-down loans? Not quite. We’ll explain why on this headlines show!

This time, we’re talking about the new zero-down mortgage loan. But that’s not all. One crucial housing metric has exploded, and if you sell, BRRRR, or flip houses, this is one metric you MUST pay attention to. Remember back in 2021 when lumber prices were so high that you needed to take out a personal loan to buy a toothpick? The mahogany tables have turned as we bring some good news for new construction investors and home renovators.

Lastly, we look overseas at the international housing markets that are seeing the biggest price drops and increases. We also share where we would invest abroad and whether or not we think these markets beat the good ol’ USA. Stick around for your latest housing market update on this headlines show!

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00:00 Intro

01:22 0% Down Mortgages Return

13:59 Crucial Housing Metric JUMPS

20:27 Lumber Prices Stabilize

26:18 International Home Prices Drop
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0% down on a 250k, 90-year-old 2 bed 1 bath home in the getto with a 2, 500$ a month mortgage and 50k household Income.

tslonaker
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This is my favorite Bigger Pockets show.

aaronlogan_music
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OMG Henry... You just got 20 times cooler by quoting the movie Office Space!!!! "You wanna see my flare!? Here's my flare!"

aprilvancleve
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Underwriting guidelines are the key. Most people will prioritize their house payment and don't want to neglect the payment.

AnnetteMoore-cyng
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I agreed with Kathy and James view on price per square ft. Henry ideas are dangerously off/wrong on a couple discussions.

antareschen
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I did a first time home buyer loan on my first duplex, which was nearly 0 down. That was many years ago. I would not do that with today’s interest rate

FIRE_DrNinjaTurtle