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First-time home buyers beware financing deals

 
By Dave Ramsey    Comment on this article Leave a comment
Published: December 4, 2008

DEAR DAVE: My husband and I have been married three months, and we’re debt-free. We’re trying to save up a 20 percent down payment for a house. I work for a real estate company, and the company is really pushing us to take advantage of a first-time home buyer deal. The program offers 100 percent financing, no money down and no private mortgage insurance. The company says it’s a great deal. What do you think?

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Related Topics: Business, Real Estate, Personal Finance, Consumer Credit and Debt, Auto Financing



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