Mortgage Solutions for You: Mortgage Insurance?

Published by pacbay on Thu, 02/27/2014 - 14:34 in
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A single mom with a daughter wanted to buy her own house. She felt she was over the bitter divorce, which left a short sale on her credit records.

She had $54,000 in her bank account.  We could get her an FHA loan, which would have high MI monthly payments. Instead, I decided to chose the program without mortgage insurance.

Her real estate agent found a house for $568,000. With 10% down payment (her sister lent her $10,000 to cover the difference and the closing costs), her new mortgage payment was $2,477 less than her current rent.

 

Whom do you know that might benefit from our tailored mortgage solutions?

Equal Housing Opportunity Lender

355 Gellert Blvd, Suite #230, Daly City, CA 94015
Main: 415.242.0730 / Fax: 650.550.4961

NMLS# 196454 / NMLS Consumer Access Website