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Reload this Page Real Estate Good Read

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Old 11-20-2013, 04:49 PM   #1
Fly Rod
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Real Estate Good Read
this is a good read for those looking for real estate and do not have the 20% down.



http://realestate.msn.com/blogs/list...6-aa2c6716de34
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Old 11-20-2013, 06:15 PM   #2
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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
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Old 11-20-2013, 07:27 PM   #3
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Quote:
Originally Posted by WESTPORTMAFIA View Post
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
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Nice to know...thanx...
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Old 11-20-2013, 07:48 PM   #4
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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
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Old 11-21-2013, 09:43 AM   #5
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Yes, we got memo about FHA which took effect either end of September or October.
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