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re: Question About Home Purchase,PMI, and Appraisal Value
Posted on 9/13/12 at 1:39 pm to SLafourche07
Posted on 9/13/12 at 1:39 pm to SLafourche07
sorry but home loans these days are not complicated you cant think outside the box. Also people are to scared of PMI. if you are putting 10% down and have a credit score above 740 PMI is not that expensive. i just closed a 170k purchase and the customer put 5% down and had a 750 credit her PMI payment on the loans was $125 a month..it would have been double that if she would have gone with a FHA loan. talk to a mortgage banker and get some real numbers it will help your decision making alot. 2nd mortgages have higher rates so it may not make since to take out the seo
1
Posted on 9/14/12 at 8:34 am to hawkeye007
My PMI payment is $45, I put 10% down
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