42% of first-time home buyers put 0% down

Thursday, December 1, 2011

Today, the typical first-time home buyer might finance the entire cost of the house and pay only the interest owed on the loan for the first several years. The latest option? A monthly "minimum payment" that doesn't even cover the interest. [...] buyers have been experimenting with more aggressive financing in the best of all times, when interest rates remain low and home prices continue to appreciate.

Source: Money

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