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!
USDA is a 100% government insured loan. Low rates, and no down payment. However, there…
The bad news is that according to Redfin, 38% of U.S. renters don’t believe they’ll…
In Texas we have some unusual rules when it comes to getting cash out of…
If you pay your property taxes apart from your mortgage payment, and you didn’t get…
If you purchased a home using your own cash, and now would like to pull…
Did you realize that when buying a house from an immediate family member – the…