With payments for student loans, credit cards, car loan, and rent due each month, it ain’t easy setting aside a decent chunk of change for a down payment on a home—particularly in some of the country’s priciest regions.
But it seems that Silicon Valley–area techies are in luck. Mortgage lenders are vying for those well-paid Bay Area customers by offering them everything a home buyer could dream of: guaranteed 24-hour loan approval, financial planning services, and even loans with no money down, according to Bloomberg News.
The lenders are banking on their new customers—who, by most objective standards, are already doing quite well for themselves—becoming the latest millionaires/billionaires when their companies go public or are perhaps acquired. In other words: They’re a good financial bet.
