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Exploring the Risks of Zero Down Payment Mortgages in High-Cost Housing Markets
Exploring the comeback of zero down payment mortgages amid soaring housing prices, focusing on a new program from United Wholesale Mortgage enabling eligible buyers to finance 97% of their home's value with a first mortgage, while the remaining 3% is covered by a secondary mortgage. The episode delves into the host's apprehensions regarding the consequences and risks related to these mortgage arrangements.