Nearly half of all first homebuyers financed the total cost of your home, rather than paying a significant down payment. préstecsGairebé half of all first homebuyers financed the total cost of your home, rather than paying a significant down payment. And many of these buyers had zero down mortgage through the plan is called /. This is a relatively new type of loan, which was specifically designed to help customers who want to avoid paying contributions. Since housing prices have soared, more and more buyers with good credit and strong income who can not find housing because it is difficult to save enough to make a large down payment. The house, valued at $ , interest payment is less than $ . To address this problem, mortgage companies began to offer /. In some cases, / is known as? The downside? loan, because it is actually two loans, work together as one. The first part of the work in the normal way, and the% of the purchase price. The second part? smallest? % Is a loan. So when you ask your mortgage lender will be entitled to interest on the purchase price of the house, then the loan is divided into two seccions.Per For example, if you want to buy a house valued at $ percent of the payment will be paid $ . With mortgage /, the lender gives you $ at the rate of interest and then provides an initial payment in U.S. dollar interest, with the rate slightly higher loan amount for a grand total of $ . splitting the mortgage into two separate parts in order to help you qualify for a loan free of charge. Usually you have to do percent less than conventional loan interest, so the plan smarter mortgage, the lender is allowing you to borrow their down payment. Then the same lender may allow you to turn around and borrow the rest préstec.Sí, sounds a bit artificial, and indeed it is quite difficult to achieve the main mortgage. But what is really on those who are trying to avoid giving a good hook is that it works and helps to overcome the obstacle to payment inicial.Vostè can expect to pay higher rates for the initial payment or some interest on the loan. However, interest rates remain reasonable, and the loan agreement to purchase not keep large sums of money to be used for payment. Later, if you decide to pay the loan to reduce monthly payments, which is an opportunity for you. Many homeowners refinance once had a couple of years to increase its capital and make her / in the traditional type of mortgage.