Is it still possible to get 100% financing on a mortgage?
I would really be interested in taking advantage of the current real estate market right now. In my area there are distressed homes that are selling way below their previous market value – below $ 100,000.00, making me question whether I should speed up my home buying dreams. It seems I would be saving hundreds a month by buying rather than renting. But I do not have 20% to put down. Are there still options for me (i.e., a piggyback loan, etc.) considering the current credit crisis? What will my credit score need to look like?