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2. Guide to no-down payment mortgages: Am I eligible? - AOL

   www.aol.com/finance/no-down-payment-mortgage...

   The two main types of loans that don’t usually require a down payment are VA loans and USDA loans. Some alternatives to no-down payment mortgages include low-down payment loans, such as a ...

3. Guide to first-time homebuyer loans and programs - AOL

   www.aol.com/finance/guide-first-time-homebuyer...

   Learn more:Best lenders for low- and no-down payment mortgages in 2024. Down payment assistance (DPA) options. There are many types of down payment assistance, including: Down payment assistance loans

4. 3 Reasons a Zero-Down Mortgage Is Too Good To Be True ... - AOL

   www.aol.com/finance/4-reasons-zero-down-mortgage...

   Like VA loans, USDA loans don’t usually require a down payment. If living in the relative peace and quiet of the countryside appeals to you, a USDA loan might be a good fit. 3 Reasons Why a Zero ...

5. Discount points - Wikipedia

   en.wikipedia.org/wiki/Discount_Points

   Borrowers can offer to pay a lender points as a method to reduce the interest rate on the loan, thus obtaining a lower monthly payment in exchange for this up-front payment. For each point purchased, the loan rate is typically reduced by anywhere from 1/8% (0.125%) to 1/4% (0.25%).

6. Fixed-rate mortgage - Wikipedia

   en.wikipedia.org/wiki/Fixed-rate_mortgage

   This monthly payment depends upon the monthly interest rate (expressed as a fraction, not a percentage, i.e., divide the quoted yearly nominal percentage rate by 100 and by 12 to obtain the monthly interest rate), the number of monthly payments called the loan's term, and the amount borrowed known as the loan's principal; rearranging the ...

7. Down payment assistance: How it works and how to get it - AOL

   www.aol.com/finance/mortgage-down-payment...

   Types of down payment assistance loans and programs Grants. A homebuyer grant is a type of down payment assistance that provides a one-time cash sum, often in the form of a no-interest second ...

8. Negative amortization - Wikipedia

   en.wikipedia.org/wiki/Negative_amortization

   Start rates on negative amortization or minimum payment option loans can be as low as 1%. This is the payment rate, not the actual interest rate. The payment rate is used to calculate the minimum payment. Other minimum payment options include 1.95% or more.

9. 3 percent down mortgages: A guide to your options - AOL

   www.aol.com/finance/3-percent-down-mortgages...

   With mortgage interest rates more than double their 2021 levels, purchasing a home is a pricey proposition nowadays — and saving for a down payment is no walk in the park either. But the good ...