5.25% is the best I’ve been quoted.

My husband and I bought our home in the Northern Virginia area in June 2006 with no money down and a 30 year fixed rate. We’re thinking about walking away from our house. I know this will ruin our credit, but it seems to be worse to live in a home that isn’t worth NEAR what we paid for. Please don’t comment on how this wouldn’t be the morally right thing to do. We’re just regular middle class people and our house is/was our only investment. We bought our house for the going rate of $400,000 and now our house is only worth $270,000. How would you handle a upside down mortgage of $130,000?
I should have also said that we would like to move a state away to be nearer family, because my father had a stroke and I need to be able to help my mother.

I agree with the others. Stick it out for a while and see what happens with home values in your area. There are bound to rise in the future

http://rent2ownpad.com/ John Schepcoff

Your goal is to buy a house with no money down. The seller is allowed to pay a total of 3 points. Most Realtor do not understand how to write a contract be careful! If you go through me, I can help you to buy the home with No money down. You do not have to pay me anything because I am paid by the other side. If any agent says that they want you to pay them, they are collecting on both side.

When it comes to loans, nobody can beat me because I only charge 1% + 350 processing and no junk fees. That’s right no junk fees.

I get you the best rate at par which means I do not make money nor do I pay any money which means you get the very best rate.

I can only help you if you live in California when it comes to any Real Estate that you want to buy or any loan you need. And do not forget my service to you as a Realtor is FREE!

Something that you can happily live in and afford easily. If you don’t have a large down payment there are creative ways to help you negotiate a better deal. There are two major problems that affect potential home buyers. Some are unable to qualify for a loan due to income or credit. Others cannot come up with the required down payment. There are several ways to overcome these obstacles and even buy a home with no money down.

http://rent2ownpad.com/ John Schepcoff

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I live in New York .I am a first time buyer . My credit score is 573. The mortgage is for a trailer and I would be borrowing about 100,00.

I don’t see others than finance companies lending you money.

Bad credit mortgages are possible, if :

- you bring a huge downpayment (50%+) or
- you have a co-signer or
- you have enough assets to secure the loan.

Good luck !

http://bit.ly/PropertyIncome

SECRETS ON HOW TO BUY PROPERTIES NO MONEY DOWN- MIND BLOWING STRATEGIES REVEALED….

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Is there anyway to get an FHA loan, or any mortgage with no money down? I know that an FHA requires 3.5%… and a regular mortgage requires at least 10%. Isn’t there a way to get around this?

They did away with the no money down program. Half the houses been foreclosed were due to the no money down program. Houses were sold to people that couldn’t afford them or didn’t know how to manage money. For first time home owners there is a program that will help with your down payment. It is with Community Action Project. Better known as cap. Also if you are Indian there is help for first time home buyers but I don’t know what they require but I do know some people that got help on their purchase. And if you have been having Section 8 help you for at least a year they have a program for first time home buyers where they are now helping these people make their house payments every month. For the rest of us. OFF TO Work We GO! so we can PAY,PAY,PAY!

NO MONEY DOWN SHORT SALE BUYING. IT IS TRUE. I DON’T LOVE IT, BUT AM OBLIGATED TO GO OVER THE SUBJECT. BE CAREFUL AND KIND TO PEOPLE IF YOU MAKE MONEY THIS WAY. PLEASE DON’T ASK ME FOR HELP WITH THIS ONE, I DON’T LOVE IT, BUT YOU CAN MAKE MONEY DOING IT.

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My sister and I live in NJ, and rent is outrageous. We are paying approx 1900 in rent between both of our apartments. We would be 1st time buyers.

My credit score is poor around a 560. I earn 27,000 a year, and receive child support of 5,200 a year. My debt ratio is high 80%, mostly due to a student loan. My cc’s will be paid off within a month, bring it down to about 65%. I have had a bankrupcy discharged since 2001.

My sister has a great score, around 740. She makes approx 34,000 a year. I would say her debt ratio is at 70%.

Neither of us have any car loans. No late payments in the the 3 years.

We would prefer to buy a multi family house, so it would help mortgage/tax wise. A few that we are intrested in are priced approx 350,000. We would like to share a unit, and rent the other. According to similar rentals in the area, the rental unit would rent for approx 1400-1500 a month plus utilities.

Is what we are considering realistic? Or asking too much?
We do have money saved in the bank, only about 15k between the both of us. This is not to be touched – emergency cash only. We are not willing to put in on a downpayment or we will have nothing to fall back on.

We are spending a big portion on rent, and we would rather invest it in a home. Rent is like throwing money in the trash.

What would be an ideal loan amount that would be approved?

Two years ago you would have qualified for a sub-prime loan. Today, I doubt you would qualify at all, your sister may qualify but probably not for zero down as few if any lenders are still accepting zero down. Zero down and other lunacies were a symtom of the housing bubble excess which has since been cured.