Posts tagged: Private Mortgage Insurance

What Every Mortgage Holder Should Know About PMI

Insurance – we need it for our life, our car, our house, our health and yes, in some cases, even for our mortgage. Private Mortgage Insurance (PMI) is the mortgage industry term used to describe insurance that protects the lender of your mortgage against any type of default. It’s primarily used when you [...]

Saturday January 1st, 2011 in , , , , , , , , , , , , , , , , , , , , | No Comments »

Using a Second Mortgage for an 80-20 No Money Down

Using a Second Mortgage for an 80-20 No Money Down Home Purchase Loan
Many renters want to own their own home, but they simply dont have the down payment to make the purchase. If youre able to afford a house payment as much as your monthly rent, an 80-20 no money down loan could get [...]

Saturday December 18th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

The Down Payment and Mortgage Relationship

Most people automatically look for the lowest down payment option on mortgages. This knee jerk reaction is not always the best way to go.
The Down Payment and Mortgage Relationship
A down payment is usually required when obtaining a mortgage. Although there are some down payment free mortgages available, these can generally tend to carry higher interest [...]

Saturday September 25th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

Subprime Mortgages Low Down Payments And No Pmi

Sub-prime mortgages offer financing for those with poor credit to finance the purchase of a home. Todays sub-prime mortgages offer low down payment options with no private mortgage insurance (PMI). As a result, more people are finding it easier to buy a home.
Sub-prime Mortgage Options
Sub-prime mortgages come in as many flavors as conventional loans. Just [...]

Saturday August 7th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

Subprime Mortgages How Large Of A Down Payment Do

Subprime Mortgages How Large Of A Down Payment Do You Need?
Subprime mortgages offer more flexibility with down payments than conventional home loans. You can choose to put nothing or over 20% down. And with a subprime mortgage, you dont have to worry about paying private mortgage insurance.
Zero-Down Mortgages
Zero-down mortgages allow people with little money [...]

Saturday July 31st, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

Sub-Prime Mortgage Loans Who Qualifies For A Sub-Prime Loan?

Sub-Prime Mortgage Loans Who Qualifies For A Sub-Prime Loan?
Sub-prime mortgage loans are designed for those who dont qualify for A rated loans, typically those with a FICO score of less than 650. They also cater to those desiring unconventional terms, like a jumbo loan. As with any lender, to find the best financing, you [...]

Saturday July 24th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »