Tuesday, July 19, 2005

Young homebuyers banking on options

DallasNews.com | News for Dallas, Texas | Latest News: "Eric Pinto and Geri Charles had good credit and wanted to buy a house. But they didn't have much of a down payment.
So the couple, both 28, turned to a zero-down mortgage to get into a $150,000 Junius Heights bungalow. They expect to sell in a few years for a tidy profit.
'I look at the house as another business decision,' said Mr. Pinto, an executive at a network security company. 'This is kind of a short-term investment, and we're doing things that give you instant equity like home improvements.' "
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