Waterstone Mortgage unveils zero-down, 20-year, adjustable rate 'wealth building' loan

The "Wealth Building Loan" requires no down payment, and offers eligible borrowers a 7/1 adjustable rate mortgage with a 20-year amortization. Waterstone said that the "Wealth Building Loan" also eliminates monthly mortgage insurance payments nearly four years sooner than a 30-year conventional loan with a 3% down payment.