On The Market

225: Meet the New Zero-Down Mortgage + Why Lumber Prices Are Dropping

Jun 13, 2024

Explore the comeback of zero-down mortgages and the risks involved. Learn about the new zero-down mortgage option and updates on high interest rates. Analyze house prices per square foot for potential flips and impacts of high interest rates on wood markets. Delve into international housing market trends, investment opportunities, and tax strategies. Discuss house price decreases post-pandemic and complexities of different housing markets worldwide.

40:41

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Quick takeaways

Zero-down mortgages pose risks of potential risky home purchases, emphasizing borrower responsibility during market fluctuations.

Analyzing price per square foot is essential for property assessment, highlighting factors like size and location impact on potential selling prices.

Deep dives

Zero Down Mortgages Making a Comeback

Zero down mortgages are resurfacing, featuring a no-interest loan that is due upon property sale. The podcast panel discusses the potential risks and benefits of such loans. They emphasize the importance of borrowers being able to sustain payments, especially during market fluctuations. The focus is on making informed decisions, considering factors like market growth, demand, and the possibility of remaining in the property during tough times.

Intro

2min

Reemergence of Zero Down Mortgages

12min

New Zero-Down Mortgage Option and Real Estate Market Updates

4min

Analyzing House Prices and Market Trends

11min

Exploring International Investing and Tax Strategies for Real Estate Investors

4min

Impact of Pandemic on International House Prices

7min

Exploring International Real Estate Investment Opportunities and the Complexity of Different Housing Markets

3min

Zero-down mortgages are back. That’s right. You can now get into a home with (potentially) zero dollars out-of-pocket. But wait…this is starting to sound a bit like 2008. Remember the fully-funded mortgages that didn’t require income verification? Are we back to the days of NINJA loans as homebuyers struggle with affordability, forcing them to take on zero-down loans? Not quite. We’ll explain why on this headlines show!

This time, we’re talking about the new zero-down mortgage loan. But that’s not all. One crucial housing metric has exploded, and if you sell, BRRRR, or flip houses, this is one metric you MUST pay attention to. Remember back in 2021 when lumber prices were so high that you needed to take out a personal loan to buy a toothpick? The mahogany tables have turned as we bring some good news for new construction investors and home renovators.

Lastly, we look overseas at the international housing markets that are seeing the biggest price drops and increases. We also share where we would invest abroad and whether or not we think these markets beat the good ol’ USA. Stick around for your latest housing market update on this headlines show!

In This Episode We Cover

New zero-down mortgage loans and whether they’ll lead to risky home purchases

What you must know (and do) if you’re going to buy a home with low money down

The one home price metric you should pay attention to when flipping, rehabbing, or buying new construction

Good news for new builds and why lumber has finally returned to pre-pandemic price levels

The international housing markets seeing the biggest price drops, and whether we’d buy there or not

And So Much More!

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