this is a good read for those looking for real estate and do not have the 20% down.



http://realestate.msn.com/blogs/listed-loans.aspx?post=d3f23823-5ac5-4adb-b936-aa2c6716de34

They forgot to mention LPMI where the lender pays it instead of you. Some lenders are offering it with no rate bumps with 5% down and a good credit score
Posted from my iPhone/Mobile device

They forgot to mention LPMI where the lender pays it instead of you. Some lenders are offering it with no rate bumps with 5% down and a good credit score
Posted from my iPhone/Mobile device


Nice to know...thanx...:)

Also FHA now carries it for the life of the loan. It can't be removed regardless of ltv. It's become a horrible product. Plus the upfront pmi added to the loan amount is 1.75% of the loan amount
Posted from my iPhone/Mobile device
Posted from my iPhone/Mobile device

Yes, we got memo about FHA which took effect either end of September or October.