Q.  Is there such a thing as buying a home with no money down?
	A.  Yes.  If you are a veteran, your eligibility may qualify you for a100% financing.  But Lafayette Lending Group, Inc. also has 100% financing programs available for people with excellent credit history.
	Q.  If I had a bankruptcy, is it true that I can't get a mortgage for 7 years?
	A. Absolutely not!  Lafayette Lending Group, Inc. has  programs that allow you to obtain a mortgage if you are as few as 6 months out of bankruptcy.
	Q.  Are there prepayment penalties for paying off the loan early?
	A.  Some lenders offer below market rates with prepayment penalties.  Be sure to ask if the particular loan you want has that feature.
	Q.  What is private mortgage insurance?
	A. Normally when less that 20% down payment is made, private mortgage insurance is required.  This insurance protects the lender in the event of default on the loan.
	Q.  Is there any way to avoid private mortgage insurance with less than 20% down payment?
	A.  Yes , in many cases the private mortgage insurance can be financed or a second mortgage can be taken out simultaneously with the first mortgage.  In both instances there may be the benefit of a tax deduction.