The 1% Down Payment program from Zillow Home Loans is designed to reduce the time needed for consumers to save money for a down payment. For now, it's only offered to eligible borrowers in Arizona, though the company intends to expand the program to other states.
By comparison, a similar homebuyer saving for a 3% down payment would require 31 months to reach their savings goal. Zillow said it would contribute an additional 2% to the down payment at closing for qualified borrowers. It's not a payment to the borrower., as smaller down payments lead to bigger monthly mortgage payments because borrowers have to take on more debt.Story continues
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: