Released on = January 15, 2007, 10:31 am

Press Release Author = Camelot Marketing

Industry = Real Estate

Press Release Summary = If you are apartment hunting in Southern California consider
becoming a homeowner instead with 100% hom mortgage loans available.

Press Release Body = If you are looking for an apartment in Southern California have
you considered buying instead of renting?

We encounter so many that are frustrated with paying rent. Every month, year after
year, they feel they are "putting money in somebody else\'s pocket." Sound familiar?

Many renters can afford a monthly mortgage, and therefore own a home; they just do
not realize it. Without a down payment they feel that homeownership is not within
reach.

There are numerous lenders that offer 100% loans to First Time Home Buyers who do
not have enough money for a down payment. Through research we even found a 100% loan
which only requires a "stated income".

A stated income is different from a "verified" income where the lender will require
current pay stubs to verify your income. With a stated income loan, the lender will
accept what the borrower "states" as his or her income. The stated income must be
within reason. You can\'t say that you are a fast food cashier who makes $100,000 per
year.

Additional research uncovered a First Time Home Buyer, 100%, stated income loan
which requires no reserves. A reserve usually refers to monthly payments. If a
lender requires 2 months reserves, they are looking for 2 months P.I.T.I.
(principal, interest, taxes & insurance) in a liquid account.

With these programs available homeownership becomes a reality and the money starts
going back into your pocket instead of the landlord.

The first step is to determine how much home you can afford based on your credit
score FICO. Your FICO score is very important for First Time Home Buyers, the higher
the score the more programs available.

There are excellent loan programs available with FICO scores as low as 620, but with
the lower FICO score, you would lose some perks like no reserves or some stated
programs, etc.

Before looking for an apartment in Southern California call us and you could be
house hunting instead!

For more information on home loans for First Time Home Buyers, please call 866 398
4664 or go to http://www.goldmedalmortgage.com/FirstTimeHomeBuyerLoans


Web Site = http://www.goldmedalmortgage.com/FirstTimeHomeBuyerLoans

Contact Details = Keith Hunt
8190 Orchard Street
Alta Loma , 91701
$$country

9099871233
camelot21@mindspring.com
http://www.goldmedalmortgage.com/FirstTimeHomeBuyerLoans