Frequently Asked Questions Q. Can I buy a house with no money down? A. Absolutely, there are a number of programs that offer 100% financing. Q. My credit scores are not so good. Can I still get a loan? A. Most loans are based on credit scores, however there are loan programs which allow low and even no credit scores. Q. I cannot prove my income through tax returns, how will I qualify? A. Stated and no income verification loans are very popular and feasible. Q. We don’t want a 30 year fixed loan, what different types of loan terms are there? A. Spreading a loan out over a longer period will lower your monthly payments. There are currently terms with 10, 15, 20, 30, 40, 45, and even 50 year amortization periods. Q. I have a good rate on my first mortgage, but I need money to pay off credit cards. Can you help me without refinancing my first mortgage? A. Yes, there are home equity lines and fixed rate second mortgages available that will not affect your first mortgage. Q. I would like to buy a rental property for an investment. Is this an easy process? A. Buying a rental property up to 4 units is not much different than buying a single family home. It is also a great way to increase your net worth and income stream. Q. I currently rent, what are my benefits of buying a home if my monthly payments increase? A. Buying a home is not only a great investment; there are many tax advantages as well. It is also a great sense of accomplishment.