Here is an example of how your mortgage insurance rates can vary due to credit score.
These numbers are based on a $100,000 loan at 95% loan to value ratio.
MI Payment Chart…
| Credit Score Range | MI Payment Amount |
| > 760 | $45 |
| 720 to 759 | $51.6 |
| 680 to 719 | $74.17 |
| 620 to 679 | $95.83 |
The lesson here is protect and monitor your credit as much as you can. Keeping your scores up can save you alot of money!
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
One of the most important things you will have to do when you apply for…
I wanted to let you know we have a 2% to 5% downpayment and closing…
If you want to acquire rental properties, but you are having issues proving your income…
Do you need cash out of your home, but you don’t want to refinance the…
In the mortgage world there are rules we have to follow. Such as, rules about…
Do you have investment property, and would like to pull cash out of your property?…
