1% Down Payment Mortgages

Arizona’s Family On Your Side

It’s hard to keep up with the real estate market these days. One month, it seems housing prices are falling. The next month prices are creeping up. A lot of it has to do with interest rates that the fed has increased 10 straight times in a little over a year. Another factor is where you live. So, some lenders have come up with something called the 1 percent mortgage. Today, we’re talking to Jeff Ostrowski. He’s with Bankrate.com for more than two decades and he’s a real estate expert. He says 1-percent mortgages are a clever way lenders are getting potential homebuyers into the market. But there are pros and cons you need to know about.