Buying A House Down Payment Assistance -

Understanding these structures is critical, as they dictate your long-term financial obligations:

: Often called "silent seconds," these are second mortgages with 0% interest . They are forgiven over time—typically 5 to 10 years—as long as you remain in the home as your primary residence. If you move or refinance early, you may have to repay a prorated portion. buying a house down payment assistance

: These second mortgages do not require monthly payments. Instead, the full balance is due only when you sell, refinance, or pay off your primary mortgage. Understanding these structures is critical, as they dictate