I have good credit, but want to see if I can get rid of my credit card debt for a lower rate included in a fresh mortgage. I have never missed a payment, and have no negative credit. I was preapproved last October for a no money down mortgage, but did not find the right house at the time. My credit is even better now because my truck is all paid off. Please help. I now have a house in mind and would like to act quickly before it gets sold.

Thank you,

J
Jasper County,
Indiana

Answer:

Hello James,

Thank you for your question. Going by your comment it sounds like you are looking for a "No Money Down" purchase loan. We do offer 125% non-equity loans however these loans are for existing home owners that would like to borrow money above the equity in their home. Although these are great loans for debt consolidation, they are typically offered to homeowners who have been at their current residence for at least 12 months. We have a ton of loan programs to get you into a home with no money down. We can even have the seller pay for your closing costs by adding an addendum to your purchase contract. Please give me a call or reply to this e-mail and I would be happy to go over some loan programs with you. Also, to receive more information regarding loan programs please visit our site at: www.ushomeandloan.com.

Regards,

Dan Hasselman
Home Loan Consultant
U.S. Home and Loan, Inc
Tel: (858) 320-0405
Fax: (858) 433-0514