For example, Li Guuanghao from Beijing bought one excavator last year with no down-payment and no payments for the first six months. If it feels a bit sub-prime, well, it is: "Since the second half of last year, there has been less work" for ... Li ... Want to buy an excavator? Check out this zero down payment deal
Before, there are actually lots of mortgage programs offered with zero down payments. However, this is not the situation happening in the market today. If you are persistent on finding a no down payment loan, you really have to try very hard and exert more effort because this will not be a very easy hunt. There may be some loans still left offering no down payment at all, but you might need luck to become eligible for it. When you decide on things pertaining to loans, make sure you really think about it very carefully. Do you think getting a zero down payment loan will make much difference if you get a regular loan? Consider the advantages and disadvantages of different types of loans first. Before you formally start the process of buying a home, let us say, a Destin real estate property, you have to be ready will all the financial matters so you have less things to think about when you start looking for Destin Homes for Sale.
You can start searching online for Destin MLS. If you are still having problems as to where to find cash for the down payment, below are some ways you can consider: a. USDA Rural Housing Loan Loans of this type is made available so that more interested buyers will be encourage to purchase residential properties in the rural areas designated by the government. Terms and conditions of USDA Rural Housing Loans are very flexible so you may want to discuss your plans to the creditor first to make sure you are treading the right path.� b. VA loans To be able to be eligible for a Veteran�??s Administration Loan, you have to be a former member of the Armed Forces of the country. You have to get a Certificate of Eligibility to apply for this loan. Veterans are the major beneficiaries of this type of loan, and if you are one of these people, make sure to talk to a mortgage professional to know more about it.� c. Local bank You can shop around for loans offered in your local banks. They usually have mortgage programs for the legal residents of the area. There are actually small banks that offer a zero-down payment loan for first time home buyers. Before, there are lots of loans from local banks offered without requiring a down payment, but the number decrease so much in the last years. Your buyer�??s agent may have some knowledge about this loan.� d. Credit unions Go to credit unions you are a part of and inquire about home loan programs they offer for their members. Financial institutions like credit unions are very helpful for interested home buyers.� e. Employers There are still companies and employers today that give loans to their trusted people with zero down payments. Try to inquire if your employer is one of the remaining few who still gift their employees with a loan or a 3.5 percent down payment grant for the property. Talk to your boss and maybe, he or she can provide you a benefit like this.� � More Loans with Zero Down Payment IssuesQuestion by Alex M: Besides low intrest and zero down payment home loans for service men, what else did the G.I Bill of rights do? I know all about the effects with colleges and monthly allowances, but im not sure if theres anything else that has to do with purchasing houses. If you know any other information that made it easier to purchase homes by servicemen in the 1950's then please tell. thank you Best answer for Besides low intrest and zero down payment home loans for service men, what else did the G.I Bill of rights do?:
Answer by rowlfe
It is not a "bill of rights" but rather a bill placed before congress as legislation. Next, the legislation says nothing about interest rates and no down payments. The legislation does something completely different, guarantees the mortgage will be repaid by the government if the veteran defaults. Since there is a guarantee of repayment, the verteran is automatically a "low risk" borrower, and the mortgage lenders will allow a purchase without a down payment, but they don't give any special breaks on interest rates. I purchased my house this way. One other thing is also specified, that there is no prepayment penalty or fee. Some mortgage lenders will charge a substantial fee or penalty for paying back the mortgage early. The veteran can pay the remaining balance in full at any time without paying any fees or penalties for early payment. In addition to educational benefits, there are also medical benefits.
Answer by tom l
Called the "GI's Bill Of Rights" in fact it had a completlly different official title "Servicemen's Readjustment Act of 1944" Probablly the most significant point of the bill to most returning servicemen was one year of unimployment compinsation. The bill also funded GI home loans and small buisness loans as a seperate lending institution than FHA and SBA. http://www.higher-ed.org/resources/GIBILL.jpg
