100% Mortgage

No down payment. Just loan. Lots and lots and lots of loan. The house was listed for 300 grand. You paid 280. And some fool, er, um, wise bank agreed to lend you $280,000. Why would they do this with nothing down from you? Well, maybe you had awesome credit. Or amazing assets you pledged as collateral. Or maybe the bank just wanted to roll the dice on you as you paid likely much higher interest rates than you would have, had you put, say, a standard 20% or $56k down first. Lucky you.