Released on = December 20, 2005, 2:19 pm

Press Release Author = Lawrence Wallace

Industry = Real Estate

Press Release Summary = In summary, renting only helps your landlord, not you and
your family. By paying down your credit cards and high interest consumer debt while
searching for 100% financing options, someone paying rent can be a homeowner faster
than ever in today's real estate environment. A new homeowner will enjoy the
benefits of equity appreciation, tax deduction, freedom and security.
www.WhyKeepPayingRent.com is a free mortgage website. It allows renters, new
homebuyers, and homeowners to receive free information on the mortgage process. How
To Stop Paying Rent and Own Your Own Home is just one of many.

Press Release Body =

Denver, Colorado (PRWEB) December 06, 2005- Lawrence Wallace of United Mortgage
Funding has just released a unique mortgage website entitled
www.WhyKeepPayingRent.com. This amazing new website provides valuable free consumer
mortgage reports and insider information to help renters, new home buyers, move-up
buyers, sellers, and homeowners who are looking to refinance. The reports help
unsuspecting consumers avoid the costly mistakes that some mortgage brokers never
bother to discuss during the mortgage process.

Renting is like shredding your money each month. You make your landlord rich, but
you do nothing to improve your own financial position. By putting those same dollars
into a house payment instead of rent you create real value for yourself and family.

As soon as you make the decision to purchase a home, you should start paying off as
much of your high interest credit card and consumer debt as possible. It's a common
mistake for new home buyers to focus only on saving up as much money as they can for
their down payment. A better approach is to use the extra money to pay off or pay
down your consumer debt and high interest credit cards. This approach will help
raise your credit score, allowing you to receive a better interest rate, which will
save you thousands of dollars over the life of the loan.

Although saving up for a down payment is helpful, it's not required. If you have
been held back by the idea that you have to save up $10,000, $20,000 or more to buy
a quality home you must read further. There loan are programs available that will
help you avoid putting money down altogether.

Today there are 100% financing options for almost every credit situation. Programs
are available even if you can't document your income (for example, if you are self
employed). The Seller can also help to contribute toward closing costs. There's also
the "Piggyback" loan. 80% first and 20% second to cover 100% of the purchase. This
avoids mortgage insurance as well. You only have to pay closing costs. And you can
negotiate to have those paid by the seller.

Last but not least is a Down Payment Grant. This solution has helped families
across the United States to take part in the American Dream. The seller enrolls
their property in a suitable Down Payment Assistance Program (DPAP) and contributes
an amount equal to the assistance their buyer will receive at closing, plus a small
fee (around .75% of the property sales price.) When the deal is finalized, the down
payment funds are wired from the DPAP to the escrow officer who is performing the
closing. The seller has no part in the transfer of funds. This approach has helped
many new home buyers obtain their first property with little to no money out of
their pocket.

As a new home owner, you will experience tremendous benefits. Equity appreciation is
one. Over time your property should increase in value. The difference between your
property value and your loan amount is what's called "equity" (your money). This
money one day can help put your children through college, help start up your own
business, and help pay for your retirement. Another benefit is the tax deduction.
Interest you pay your mortgage company is tax deductible in most cases, once again
helping you to keep more of your hard earned money where it belongs, in your pocket.
Think of the freedom. No landlord telling you not to do this or that upgrade to his
or her property.

In addition to the smart financial reasons and many benefits for buying your own
home instead of renting, you will feel better about yourself and your life. You'll
provide a safer place for yourself, your spouse, and your family.

In summary, renting only helps your landlord, not you and your family. By paying
down your credit cards and high interest consumer debt while searching for 100%
financing options, someone paying rent can be a homeowner faster than ever in
today's real estate environment. A new homeowner will enjoy the benefits of equity
appreciation, tax deduction, freedom and security. www.WhyKeepPayingRent.com is a
free mortgage website. It allows renters, new homebuyers, and homeowners to receive
free information on the mortgage process. How To Stop Paying Rent and Own Your Own
Home is just one of many.

For additional information on the free mortgage reports contact Lawrence Wallace at
United Mortgage Funding or visit www.WhyKeepPayingRent.com

About United Mortgage Funding:

United Mortgage Funding has been in business since 1994. Our offices and
headquarters are located in Colorado. We are a mortgage broker with over 85 lending
partners and hundreds of loan programs. We originate and process all of our loans
in-house for quicker closings. We also use the latest automation and technology to
speed your loan through the approval process.


Contact:

Lawrence Wallace
United Mortgage Funding
303.328.3133
http://www.WhyKeepPayingRent.com


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Web Site = http://www.WhyKeepPayingrent.com

Contact Details = United Mortgage Funding
3515 S. Tamarac Dr. # 120
DSenver,CO 80237