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Tag: 80/20
LPMI, PMI and 80/20 Mortgages…Oh My!
Note: I should have titled this post: ”LPMI, PMI and Piggy Back Mortgages…Oh My”. I just realized my error thanks to Bill’s comment. My bad…my apologies! And there’s no way for me to 80/20 in the title.
LPMI (Lender Paid Mortgage Insurance) is one of my favorite mortgage products to use for clients with less than 20% [...]
Posted: May 11th, 2007 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: 80/20, lpmi, Mortgage and Lending, mortgage-planner, piggyback, PMI
Comments: 11
It may not be your business…but it is all mine!
Two years ago, our company switched our loan operating system to Encompass, so I have data available for the past two years (closed transactions from March 2005 - March 2007). I’m pretty surprised at the results after analyzing my purchase transactions and so thought I would share this with you.
Mid Credit Scores
3% had credit scores [...]
Posted: March 21st, 2007 under General Real Estate.
Tags: 80/20, credit-scores, down-payment, FHA, King-County, lpmi, Mortgage and Lending, purchase, Rhonda-Porter, Seattle, zero-down
Comments: 27
It’s Friday…Mortgage Rates are unchanged (for now)
Rates are unchanged from last Friday. The rates are based on a purchase price of $500,000 with 20% down and a credit score of 680 or better and are priced with a 1% discount.
Every day, I’m receiving updates on guidelines from the varioius lenders we work with. Last night at 7:00 p.m. [...]
Posted: March 9th, 2007 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: 80/20, FHA, lpmi, rates, va
Comments: 128
There’s No Love for the Subprime Borrower
It’s all over the news, we’re hearing about major subprime lenders having to restate their losses and every day, lenders are coming into my office to inform us of changes to their guidelines. This is all good, right? It will be tougher to provide loans for home buyers who maybe should be spending more time to learn [...]
Posted: February 13th, 2007 under Agent Advice, Buyer Information, Mortgage and Lending.
Tags: 80/20, ARM, credit, home-buyers, prepayment-penalty, refinance, sub-prime, subprime
Comments: 24
Confessions of a Zero-Down Lender
This is a two part (well so far I’m planning a second post…their could be more) series of a couple of clients (names changed to protect identities, of course!) who have purchased homes utilizing 100% financing. Both parties utilized similar programs but they wound up in entirely different situations.
Mr. and Mrs. Spender eagerly wanted to [...]
Posted: February 11th, 2007 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: 80/20, credit, furnance, lender, purchase, zero-down
Comments: 60
