Good Morning!
Here is something to consider if you were thinking about refinancing from a 30 year mortgage to a 15 year mortgage...
It takes 19 years and 4 months to pay your principle down by half on a 30 year amortization.
Recommended action...
If you can handle a slightly higher mortgage payment it's a smart play to refinance to a 15 year mortgage!
If you would like to see if you qualify for a mortgage right now - click here and fill out this simple and quick application.
That's it for today!
Have a good day today! ...and thanks for reading.
Brett
Monday, January 30, 2012
Wednesday, January 25, 2012
How To Get Rid Of FHA Mortgage Insurance...
Good Morning!
I've written to you about this before, but I think it's worth covering again.
People ask me if it's possible to get rid of FHA mortgage insurance.
It is possible, and here is how to do it...
On a 30 year FHA mortgage the annual mortgage insurance premium is canceled once the loan reaches 78% loan to value, and the loan is at least 5 years old.
On a 15 year FHA mortgage the annual mortgage insurance premium is canceled once the loan reaches 78%. The nice ting about the 15 year is that you don't have to wait 5 years to get rid of - as long as your home gets to 78% ltv.
FHA removes this mortgage insurance automatically. The 78% loan to value is based on the lesser of your purchase price, or its original appraised value.
If you would like to see if you qualify for a mortgage right now - click here and fill out this simple and quick application.
That's it for today!
Have a good day today! ...and thanks for reading.
Brett
I've written to you about this before, but I think it's worth covering again.
People ask me if it's possible to get rid of FHA mortgage insurance.
It is possible, and here is how to do it...
On a 30 year FHA mortgage the annual mortgage insurance premium is canceled once the loan reaches 78% loan to value, and the loan is at least 5 years old.
On a 15 year FHA mortgage the annual mortgage insurance premium is canceled once the loan reaches 78%. The nice ting about the 15 year is that you don't have to wait 5 years to get rid of - as long as your home gets to 78% ltv.
FHA removes this mortgage insurance automatically. The 78% loan to value is based on the lesser of your purchase price, or its original appraised value.
If you would like to see if you qualify for a mortgage right now - click here and fill out this simple and quick application.
That's it for today!
Have a good day today! ...and thanks for reading.
Brett
Monday, January 23, 2012
You Need This Credit Score To Purchase An Investment Property...
Good Morning!
You can have a credit score as low as 620 and get a loan with just 15% down payment on investment property.
It's been several years since you could have a credit score this low and be able to purchase an investment property.
If you are interested in purchasing an investment property, and want to see if you qualify click the link below...
If you would like to see if you qualify for a mortgage right now - click here and fill out this simple and quick application.
That's it for today!
Have a good day today! ...and thanks for reading.
Brett
You can have a credit score as low as 620 and get a loan with just 15% down payment on investment property.
It's been several years since you could have a credit score this low and be able to purchase an investment property.
If you are interested in purchasing an investment property, and want to see if you qualify click the link below...
If you would like to see if you qualify for a mortgage right now - click here and fill out this simple and quick application.
That's it for today!
Have a good day today! ...and thanks for reading.
Brett
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