100% Financing (Zero Down Payment Mortgages + Zero or Minimal Closing Costs)

Closing costs can be built into these deal(s).  These are normally referred to as "Non-Recurring Closing Costs."

The beauty of this is to basically buy a property with zero down payments and zero closing costs out of pocket.

A MAJOR ADVANTAGE TO BUYING A PROPERTY WITH ZERO DOWN PAYMENT AND ZERO (OR MINIMAL) OUT OF POCKET CLOSING COSTS IS TO:

1. STAY LIQUID

2. MAXIMIZE YOUR MORTGAGE INTEREST TAX DEDUCTION.

Building Capital, Inc. Loan Officers are experts in structuring zero down payment mortgage loans.

These loans are normally a combination of a first mortgage for 80% of the purchase price and a second mortgage (or “piggyback” loan) for 20% of the purchase price.

Example of 100% Financing:

Sale price of property is $500,000.00.

> First mortgage is $400,000.00 and many times has "interest only" payments.

> Second mortgage is $100,000.00, usually with principal and interest payments.

(In some cases, the second mortgage can also have "interest only" payments).