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No-down Payment Mortgage Loans Author David Schneider | May 23,2007 Margaret and John owned a cute one-bedroom condominium in Miami. However, they recently received the news that they were expecting a baby in about 7 months. This meant that they would need more space than their condominium could provide. The couple decided to trade their condominium in for a larger, family-friendly home. Unfortunately, they didn't have much money in their savings and their condo hadn't appreciated much since they bought it a year earlier. Due to this, they needed to find a mortgage that required little or no money upfront. They talked with a mortgage broker and he pointed out that they qualified for a couple of no-down payment mortgage loans.   No-down payment mortgage loans have many attractive qualities. They are easy to get, they are affordable to get, you don't have to pay for private mortgage insurance and they make home ownership accessible for more people. If you are interested in applying for a no-down payment mortgage, you should take into consideration the drawbacks of this type of loan product, which include: higher monthly payments, lower equity stakes and higher interest rates. If you can live with these drawbacks, then you need to find a mortgage lender that offers 100 percent financing mortgages.   The best way to find a lender who offers no-down payment mortgage loans is to have them come to you. You can attract lenders by visiting QuoteMatch.com and filling out their mortgage request form. After you submit your request all you have to do is to wait for your mortgage quotes to arrive in your email inbox. If you are ready to buy your own home then go to QuoteMatch.com today. Print E-mail Del.icio.us Digg

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