Introducing a New 1% Down Payment Option for Homebuyers

read transcript

will help potentialbuyers down paymentfor the dream home.ourcomrade explains to us in whatconsists of that so neededaid.reporter: buy a houseit has become almost unattainable.interest is forheavens and prices too.the company launched a new1% down payment option totime to buy somethingreal estate experts,they say it would be a great helpfor many.>> in the last 22 years, thisit’s the first time they’veraised the interest very high.that has put a brake on a lotpeople.still follows the interest ofwant to buy for people whopay rent.reporter: with this program,a buyer would pay only 1%toward a down paymenthonor of a house. coveredtotal down payment would come tobe 3%, which is usually theminimum payment required for amortgage loanconventional.but some expertsfinanciers fear that giving adown payment so low, and thehome purchase, personalat the end of the day, I am left with onehigher debt.can take advantage and have thatdream of owning your own homeas long as they have beenready and ready, but thereanother group of peoplejust get carried awaythat promotion as a30 year commitmentenough time, I was going to haveto pay in the long run for all thisloan money.reporter: this couldmean higher paymonthly mortgage, and fordo not fall into false expectations,that can lead to declinefinancial, companyemphasizes the requirements that theperson must comply to enjoyof this help.this is for theborrowers who are doing wellqualified and have goodcredit can pay the feemonthly mortgage, onlyneed a little helpadvance to get thatinitial payment. assures the spokeswomanfrom the company in turn, thehome sales have beenslowed down almost 17% sincelast year.and a greater number ofowners especially thethat were welcomed in inertialower mortgages, they arechoosing not to moveit is still very low.currently this program thathelp people buy