Contrary to public opinion, 0 Down mortgages or 100% Financing are still around and in fact are backed by the US government. The timing to become a homeowner couldn't be better than today. This is a FACT.

York, PA -- (ReleaseWire) -- 01/08/2009 -- As we enter 2009, one thing's becoming very clear, mortgage programs today are nothing like that of the past. With banks and mortgage giants failing all year long, it's no surprise that a lot of potential homebuyers have been left out in the cold. The biggest cause has most definitely been the new requirements for significant down payments. Gone are the days where you could buy a home with nothing down and just cover closing costs? Or are they?

"$0 Down mortgages and 100% financing are still around" says Mikk Sachar, owner of Armour Mortgage, a York, PA mortgage broker. "Programs available to local homebuyers looking to buy a home with no money down are still available. In fact, the institution providing these loans has about $85 billion worth of loans outstanding".

According to Sachar, these loans aren't going anywhere and a select few homebuyers are cashing in before it's too late. Consumer affairs website reports that about 81% of potential homebuyers are nervous about the prospects of becoming homeowners and as such are sitting on the sidelines. Top 3 barriers to homeownership cited are 1) new down payment requirements, 2) insufficient income and 3) cost of home prices.

Contrary to public opinion, now is a fantastic time to buy a home. Of the 3 barriers to homeownership cited, 2 are null and void as we enter 2009 according to Sachar. "Yes, it's true that FHA, Fannie Mae, Freddie Mac have all eliminated 100% Financing and now require at least 3% down to buy a home. However, there are still other institutions available that allow 100% Financing. In fact, they'll even allow financing of some if not all closing costs". Coupled with the fact home prices have tumbled pretty much all of 2008, the affordability of becoming a homeowner right now has never been better. But only a few are taking advantage. Why?

For more information and a fascinating interview about how you can educate your readers to still buy a home $0 Down, call Mikk Sachar at (717) 578-9601 or visit http://www.ArmourMortgage.com for more information.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

York, Pennsylvania based Mortgage Broker Mikk Sachar reveals mortgage refinancing secrets at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give Pennsylvania residents all the facts about mortgage refinancing so they can make an educated decision when obtaining a mortgage.

York, PA -- (ReleaseWire) -- 12/12/2008 -- It seems like everyone in Pennsylvania is jumping on the mortgage refinancing bandwagon. Maybe you're thinking about it yourself? After all, with rates as low as they are, the promise of lowering your monthly payments, sometimes significantly, is a great attraction for many homeowners.

But before you sign on the dotted line, there are a few things you should know about the way refinancing works so you don't make a mistake that could wind up costing you big time.

"With refinancing as popular as it is right now, Pennsylvania residents have to be even more careful about shopping for the best loan," says Mikk Sachar, a York, Pennsylvania based mortgage consultant. "Even the most attractive offer can wind up being a disaster once you realize how much the loan is really costing you."

Sachar offers these tips when considering refinancing:

* You should get a significantly lower rate for refinancing to make sense. Don't rush to refinance unless it's truly worth your while. If you're working with a mortgage broker rather than going it alone, you can be assured that they're bringing you the best offers out there. If you're going it alone, you'll have to do the legwork for yourself.

* Consolidating unsecured debt with a refinance loan can be a dangerous idea. You may not be in financial trouble now, but if in a few years things change, instead of simply missing a credit card payment or two, you'll now be in danger of losing your home as well.

* Your credit score counts... big time. If you've had credit problems in the past like a bankruptcy, it might make sense to wait a while for your credit score to recover before trying to refinance. Most lenders make it hard for people with less than perfect credit to get the best deals. But, again, if you choose to let an expert like a mortgage broker get involved in the process, they can often find loan options that most homeowners didn't even know existed - which can save you thousands over the long haul.

York, Pennsylvania - based mortgage expert Mikk Sachar specializes in providing mortgage information to Pennsylvania residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Mikk Sachar is available for interviews and will welcome all your mortgage related questions.

Call 877-977-2766 for a Free No-Obligation Consultation or visit http://armourmortgage.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm