5% down with NO MORTGAGE INSURANCE

That is right!  You can get a loan with 5% down and have no mortgage insurance payment which sometimes can be $300-$500 a month in addition to your mortgage payment.  By adding to the interest rate to cover the mortgage insurance (called LPMI/Lender paid mortgage insurance).  When doing the math for past clients most of the time your monthly payment is less than with a lower interest rate and paying mortgage insurance.  Contact me if you have any questions or need further explanation.

Comments are closed.

Font Resize
Adjust Contrast