Woodbridge VA Homes For Sale With Zero Down
You Can Buy With Zero Down If You Have A Credit Score Over 700 Or VA Loan Entitlement
No Money Down Works On Any House Up To $730,000
You want to buy a home, and you want to buy with as little cash down as possible.
If you are new to home buying, you may be surprised to find out that you will get ahead financially if you put down as little cash as possible, and put your cash down payment into a growth mutual fund that earns an average of 10% over 20 years.
The most common zero down payment home mortgage is the VA home loan. Do you know that some banks are offering zero down conventional home loans to folks with credit scores over 700, and assets in the bank?
I am not a financial planner, so if you want to know more about investing your savings instead of putting your savings into your house, I urge you to see the licensed financial planner of your choice.
My Dad was the first person who shared this money making secret with me. Dad practiced this method as he purchased four investment properties, and built a fortune in mutual funds, even though he was a military officer who later went into government service as a civilian. Folks who work for Uncle Sam, in and out of uniform, don't make fat incomes, but little contributions to money making assets can grow into a fortune.
I had often heard folks say, "Put down a large down payment, and add extra money to your monthly payment to pay off your mortgage as fast as possible".
Where did the fear of mortgage come from? It came from the depression, when banks offered mortgages for five years, then you paid off your mortgage with money you saved over the five preceeding years. The fear was spawned when banks called their mortgages due and folks had not yet saved enough money to pay-off the bank, so the banks foreclosed.
Today's mortgages cannot be called due and fully payable unless you are in default because you are not making your house payments as agreed in your Note.
You would be better off financially if you put the extra cash into your mutual fund, instead of into your house. If you are heck-bent on paying-off your mortgage as soon as possible, invest 25% of your monthly house payment into your 10% mutual fund, and in eleven years, you'll have enough money to pay off your mortgage.
If you want to see other ways to pay off your house, call me to set aside some time to look at your options: 703-677-1120.
We can take an hour to look at your home buying options, with no pressure, no obligation, ho hype, and no "sales pitch". If you like what you hear, we can talk about how we could work together as a team to help you find your next home. We'll find out together if a no money down mortgage is best for you.
Call me now at 703-677-1120.