Home Mortgage

California Home Mortgage Refinance Section


 

California Home Mortgage Refinance Navigation


|

Stress and Anxiety Guide Home Page
Tell A Friend about us
Refinance Best Banking Home Mortgage Rates |
Home Mortgage Refinance |
Health Insurance Supplemental Home Mortgage |
Interest Only Home Mortgage Loan |
Refinance Home Mortgage Fixed Interest Rate |
Home Mortgage Loans For Bad Credit |
Current Home Mortgage Interest Rates Minnesota |
Mobile Home Mortgage California |
Home Mortgage Loan Rate Quotes |
California Refinance Home Mortgage Rate |
Minnesota Home Mortgage Loan |
Current Home Mortgage Interest Rates Illinois |
Premier Equity Home Mortgage Loan |
Missouri Home Mortgage |
Florida Home Mortgage Refinance |

List of home-mortgage Articles
Sitemap



Social bookmarking
You like it? Share it!
socialize it


Main California Home Mortgage Refinance sponsors


 

Newest Best Sellers


 

Welcome to Home Mortgage

 

California Home Mortgage Refinance Article

Thumbnail example. For a permanent link to this article, or to bookmark it for further reading, click here.


You may also listen to this article by using the following controls.

You donít need 10% or 20% down to get a home mortgage

from: Syd Johnson




The rapid increase in home prices over the past couple of years have left many potential home buyers struggling to come up with their 10% or 20% down payment. If you live in a hot market like Los Angeles, Manhattan or Miami, you might be able to afford the monthly payments on a home mortgage but have a hard time coming up with the one time cash for a down payment.

If you canít come up with a 10% down payment, home mortgage lenders are becoming savvy to your plight and have created many different solutions to help you get financing for your new home.

One of the top ways to get home mortgage financing is with a 5% down payment. This gives most customers a huge break on the amount of cash that they need to purchase a home. In the past, 5% down home mortgages were only available as through government funded loans like the Veterans Administration Loans.

Now, many lenders including banks, credit unions and mortgage companies will work with their customers to offer low down payment deals. In addition, you can also do a zero down mortgage. In this case, the entire loan amount will be financed so your monthly payments will be higher than it would have been with a down payment. Also, your home mortgage lender might charge you a slightly higher interest for taking on the risk of approving a client without a down payment.

One of these methods will sure work for your so donít hesitate to get preapproved for your home mortgage today.

Can you avoid private mortgage insurance with less than 20% down?

In the past, the only way to avoid paying monthly private mortgage insurance (PMI) premiums was to have put at lease 20% down on your home mortgage. Today, many home mortgage lenders have created a variety of creative financing packages to help you get approved for your loan and avoid PMI even if you put down less than twenty percent.

About the Author

This article may be freely distributed as long as there is an active link back to http://www.rapidlingo.com








 

California Home Mortgage Refinance News