It’s been several years since I could say this…
…but I can now get you a 97% loan with absolutely no mortgage insurance!
You need a 720 to get it, but it’s a very smart way to go if you can qualify for it.
We simply use our new 2nd mortgage that goes up to a combined loan to value ratio of 97%.
So, you have a first at 80%.
Then, you have a 2nd mortgage at 17%. You put down 3%.
We make both loans for you at closing.
Here’s a chart to illustrate why it’s a smart way to go…
| Loan program | 97% CLTV 80/17 Piggy | 97% One Loan | 96.5% FHA |
| P&I Payment | $611 | $741 | $737 |
| MI Payment | $106 | $138 | |
| 2nd Mtg. Payment | $205 | ||
| Total P&I Plus MI or 2nd | $816 | $847 | $875 |
To get a special limited time offer coupon (1% cash back) I’m offering – please click this link and enter this special code…
9934
You can print the coupon off and submit it with your application to get your cash at closing!
I hope you have a great day! Thanks for reading!Brett