Debt Consolidation

Custom Search

Debt Consolidation
Debt Relief
Online Mortgage Refinance
Debt-to-Income Ratio --
Mobile Home Mortgage
How do You
Mortgage Insurance
Interest Only Mortgage
Understanding Reverse Mortgage
Understanding Mortgage Interest
Mortgage Refinancing
Mortgage Quotes
Home Mortgage Makes
Down Payments -
Home Loan Basics
Picking A Home
Adjustable Rate Mortgages
How To Find
Second Mortgage Sub
Finding the Lowest
Low Interest Rate
2nd Mortgage Loan
Know Before You
Refinancing and Current
Can I Get
Reviewing Your Closing
Learn What Refinance
Good Mortgage Broker
Let Your Lender
Home Mortgage Refinance
Understanding Second Mortgages
What to Know
Cheap Home Loans
Reverse Mortgage -
With Banks, Credit
Fixed Rate Mortgage
Refinancing First and
Debt Consolidation
Debt Relief
Mortgage Loans: No Money Down Mortgages
by Louie Latour
If you are considering purchasing a home but do not have the necessary 20% down payment you can still qualify for financing. Here is what you need to know about financing your home with no money down.Financing your home without a down paym

If you are considering purchasing a home but do not have the necessary 20% down payment you can still qualify for financing. Here is what you need to know about financing your home with no money down.

Financing your home without a down payment is possible; however, you will pay more for the financing. You need to be careful when selecting a loan with out a down payment as the lender could require private mortgage insurance. Your goal should be to avoid paying private mortgage insurance as this can add hundreds of dollars to your monthly payment. Here is what you need to know in order to get started.

Private Mortgage Insurance (PMI)

You can find a mortgage that does not require Private Mortgage Insurance with no money down, you just need to do your homework. Private Mortgage Insurance is an insurance policy that protects the mortgage lender from certain losses in the event of foreclosure. You pay the insurance premiums; however, the insurance does nothing for you except raise your monthly payment. There are a variety of loan options that can help you avoid private mortgage insurance.

Piggyback Mortgage Loans

Piggyback mortgages are a second mortgage loan that allows you to finance some or all of the 20% down payment. The most common piggy back mortgage is for 10% of the required down payment; however, there are mortgage lenders that will finance all of your down payment and closing costs. You will pay a higher interest rate on the second mortgage as this lender assumes more risk. This expense will save you money in the long run over private mortgage insurance. The interest you pay on your piggyback mortgage is tax-deductible if the home is your primary or secondary residence. Private mortgage insurance is not tax-deductible. To learn more about your mortgage options and how to avoid common homeowner mistakes, register for a free mortgage guidebook.

To get your free mortgage guidebook visit using the link below.

Louie Latour specializes in showing homeowners how to avoid common mortgage mistakes and predatory lenders. For a free copy of "Mortgage Refinancing: What You Need to Know," which teaches strategies to find the best mortgage and save thousands of dollars in the process, visit

Claim your free guidebook today at:

no doc refinancing

Article Source:

The site is not responsible for any content in it. E-mail: alldir[at]gmx[dot]com
debt consolidation, home loan, mortgage, debt free, debt help, refinance, equity loan, unsecured, secured debt, bankruptcy, credit card , bad credit, payday, cash advance, cash settlement, line of credit, student loan, interest rate, borrow money, car loan, adverse credit, compensation, quote, credit score, consolidate debt Franklin Codington County Moose River town Balance of Harvel township Bokchito town Brewer Berreman township Cofield village Bethany village Lupus town Glen Haven town Blue Earth Ontario Rutherford borough Walsh County Paddock township Mooreland town Princes Lakes town Keansburg borough Riverton Ocean Beach village Rawson village Balance of Custer County Frisco town West New York town Union township Balance of Shannon County Balance of San Augustine County Cambridge township Waterbury village USA UK Australia Canada Nepal Aland Aland Cook Islands Tanzania Trinidad and Tobago Bhutan Saint Martin Gambia, The Svalbard Berwickshire Cambridgeshire Middlesex Essex Caernarfonshire Cheshire Merioneth Somerset Rutland Midlothian Nevada (NV) Texas (TX) Delaware (DE) New Mexico (NM) Iowa (IA) Louisiana (LA) Puerto Rico (PR) Texas (TX) Florida (FL) South Carolina (SC) Rhode Island (RI) North Carolina (NC) Arkansas (AR) Florida (FL) Pennsylvania (PA) North Dakota (ND) Iowa (IA) South Carolina (SC) California (CA)