Get A Home With Zero Down Payment (New Program Bank Of America)

That’s right we are seeing a lot things that we have never seen before in the world of money and its exiting; and yes it sounds like what it sounds a program that allows people in certain areas based on income and location to buy a home with zero down; no closing cost, no down payment and no worries on mortgage insurance ( that’s big ) and most importantly you wont be judge just on your credit score.

So in this video we are going to break down the details and help you understand how everything works, and if you should you actually take advantage of this programs and btw this is still business.

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1. I want you guys to understand this from a business point of view first

-Because if you don’t understand how they win then you will most likely get finessed even you get a good opportunity like this one

-If you run a business and there’s a certain amount of customers that are good but don’t qualify (you will do everything in your power to help them qualify or even new rules )

-If you also have business and its about to slow down (you will also do everything in your power to keep it running for longer)

Let me explain: Qualification Terms

-I know people that can’t qualify to buy a house but have been paying rent for years without missing a single payment ever

-Those are people you can trust to pay their bills and that’s all that really matters in this game

-So why wouldn’t Bank of America or any other bank want that

Second: The housing market is going to to slow Down

-Interest rates are going up and the housing market is slowly going from seller to buyers market and the amount transactions down is going to go down

-But if more people can afford to join the game

-Then more loans can be down ( money is green, doesn’t matter who gives it to you )

Lastly: these loans as long as they are done responsibly are backed by good assets

-So if you cant pay they know they have the money in the property and they can always make it back unless the market crashes that is

Powerful quote: the road to hell is paved in good intentions

2. Lets go into Detailed about this Program and what they Say

-It’s a way to help minorities like Us Hispanics and African Americans and basically people that don’t usually have the opportunities to buy a home or qualify to buy a home

However: a Personal Home is not an investments

Second: Being able to buy something and being able to afford it are two different things

3. Potential Problems

– Home can become inflated in price ( a lot of buyers and not enough inventory, if you ever notice a lot of those places were people live in low income neighborhoods they go up ) apartments – so when more people qualify prices might go up causing a potential problems

– They say its limited by income so that’s a good thing ( so if its limited by income and zip code, I don’t see how you have the possibility of some crazy gentrification going on )

4. My opinion ( this game is changing )

-You manufactured home that cost 60k where all you have to buy is a plot of land
-I wouldn’t be surprised if this become an industry standard
– We see things that have never happened before all the time

neighborhoods, including Charlotte, Dallas, Detroit, Los Angeles and Miami

Must complete a homebuyers certificate course ( provided by Select BOA Housing consolers

5. My Personal Advice

-Use this as a cherry on top not as a reason to buy a home

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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