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Low down payment mortgages are becoming more and more popular, and by purchasing mortgage insurance, lenders are comfortable with down payments as low as 3 – 5% of the home’s value. It also provides you with the ability to buy a more expensive home than might be possible if a 20% down payment were required.
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A deluge of South Floridians are falling behind on their monthly house payments, raising fears that many of the delinquent property owners will lose Foreclosures rise as overextended S. Floridians struggle with mortgages (Sarasota: insurance, mortgage broker) – Florida (FL) – City-Data Forum
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