Locate best no money down mortgage loans to a lower interest. Benefit with a simple, easy and hassle-free process that enables saving time, energy as well as money during your overall effort to secure a mortgage refinance loan solution that fits your needs and budget. It is good to start with bad credit mortgages refinance loan.
» Borrowers who want to refinance their homes but don’t have cash for down payment.
» Students wanting to purchase or getting a mortgage with bad credit and no money down co-signed.
» Applicants who have valuables, which can be pledged as collaterals against the loan, provided.
» Borrowers who have good credit ratings and intend to take advantage of the lowest interest rates can get mortgage refinance no money down
Borrowers can use funds received as gifts from close relatives for paying down payment.
The program permits applicants to pay down payment through personal loans, credit cards or by using lines of credit.
For the cash back, borrowers must have good credit and must not have missed more than one credit card payment during the last 2 years or no bankruptcy record during the past 7 years. Applicants must be working for at least 2 years in the same industry with an additional condition which stipulates that borrowers be working with present employer for past 6 months. To qualify, borrowers must have minimum credit score of 650 or above. Eligible borrowers can receive 5% money of the entire mortgage loan amount as cash back at the time of closing.
You may think of applying for no money down refinance mortgage if you happen to be in one of the below mentioned categories.