Sugar Blossom

Nothing-down ?nancing-does it really exist? Or is it just a buzz­word used by real estate gurus selling you a seat in a seminar or a tape on late-night TV?

Today, it really does exist, for some buyers.

And that’s a good thing, too. Most people who want to buy a home often ?nd that the biggest roadblock is coming up with the cash down payment. (So if you’re feeling the pinch, rest assured you’re not alone!)

Let’s face it; we live in a credit society. Afamily with a $100,000 annual income can easily obtain a new car loan with almost nothing down and a $500-a-month car payment. But that same family may not have $5000 in the bank in a savings account. In fact, over 70 per­cent of all families have little or no cash savings. (On the other hand, that other 30 percent or so have whopping big savings accounts!)

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