Certain People in the us concern zero-off mortgage loans is a trap which can bring about several other crisis eg 2008

A home loan that will not want an advance payment, closing costs, or the absolute minimum credit score may appear too good becoming correct.

Shortly after Financial out of America established its brand new zero-down financial offering last month, individuals got so you’re able to social media to help you sound concerns this create end up in various other casing freeze for instance the one in 2008.

“The latest premises try permitting away marginalized teams however,, such as for example, come on, dude. Practically end and study – this is the same pattern because the 2008 freeze,” the new TikTok associate Inkwater said inside a september videos.