No Money Down Home Loan Written by Carrie Reeder Are you in market to purchase a home but are concerned about not having enough money for down payment? No down payment home loans or 100% financing for your mortgage loan used to be only advertised during late night infomercials and in obscure real estate publications. The good news is that if you want to buy a house but have little or no money available for down payment, there are mortgage lenders who are offering no money down home loans in your area. Currently, less than half of all homebuyers put down standard twenty percent. Among first time homebuyers, less than half put ten percent down, and nearly thirty percent of homebuyers financed total purchase price of their new home. Generally speaking, better your credit better your chances of getting a zero down payment home loan. Fortunately, mortgage lenders are now offering no money down home loans to homebuyers who have less than perfect credit. You may pay a slightly higher interest rate than those who put down ten percent or more, but you can still get a great interest rate and easy payments when you apply for a no money down home loan. You can expect to pay private mortgage insurance if your pay little or no money down on your new home, but cost is relatively low and you will be able to drop private mortgage insurance after you have built a certain amount of equity on your home. New York Refinance - Refinancing in New York Written by Carrie Reeder If you are looking to refinance in New York, it helps to get facts before you begin refinancing process. If you have an existing high interest mortgage, refinancing now could be best choice for you. You can choose to refinance with cash out to make home improvements or to consolidate bills, or to simply refinance your existing mortgage to a lower interest rate that will save you a lot of money over time. New York real estate is always a booming business. Mortgage lenders in New York and throughout country are competing for your business. You can get quotes from several lenders with one quick online application. Online lenders are offering same great terms as traditional lenders and will give you professional service and attention that you expect. New York lenders will give you expert advice and superior customer service when you apply for a refinancing loan. If your existing mortgage has a high interest rate, refinancing now could dramatically lower your monthly payments. New York is a diverse state that offers rural living and a bustling city atmosphere. Owning a home in New York is an excellent investment. Real estate values rise continually and current low interest rates make it easier than ever to refinance your New York home. Mortgage lenders online normally provide mortgage loans all states, including New York. When you apply online for a refinancing loan, you can get multiple quotes from one simple application and you will be contacted within hours by lenders that provide loans in your area. You do not need perfect credit to refinance your mortgage. There are many subprime lenders through online mortgage companies. You can even be pre-approved for a loan from an online lender. Cont'd on page 2 ==>   ImproveHomeLife.com © 2005 Terms of Use