Bill McKee wrote:
You cut the 30 year home loan. The bank does not worry about you paying.
They have inflation and points and at least 10% up front.

Financed a house lately?

Down payments are like the American work ethic, a thing of the past.

Of course, if you're smart, you'll realize that 'no down payment' is
just a nice way for the bank to say 'we're going to take all that, and
more, out of your hide over the next few decades.' But one can easily
buy a house with no down payment. Of course it is true that if you do
have a big chunk of change up front, it's a lot easier to get favorable
(to you) financing.

DSK