How To Get 97% Financing Without Mortgage Insurance...

Good Morning!

Did you know that we do piggy back loans up to 97% loan to value ratio?

A piggy back loan is where we do two loans – one at 80%, and a second up to 17% simultaneously.

You would put down 3% in this scenario, and we would finance 97%.

The advantage to a piggy back loan over a single loan is that you don’t have to pay the private mortgage insurance that comes with conventional loans over 80% LTV.

You will be surprised how much money you can save by using piggy back financing compared to single loans with MI.

That's it for today!

Have a good day today! …and thanks for reading.

Get Pre Approved For A Loan Here
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It Takes Almost 20 Years For This To Happen...

Good Morning!

30 year mortgage, or 15 year mortgage?

Here's something to consider...

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 go with a 15 year mortgage!

That’s it for today!

Have a good day! …and thanks for reading

Get Pre Approved For A Loan Here
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Can You Be Too Old To Buy A House?...

Good Morning!

Hope you had a good weekend!

The other day I had a borrower ask me if they could apply for a 30 year mortgage even though they were 82 years old.

I can see why they asked this question. …The odds are they may not be around for another 30 years.

Just so you know… It’s against the law for mortgage companies to discriminate against a mortgage applicant for being older.

Even if you were 90 years old you could still apply for a 30 year mortgage.

That’s it for today!

Have a good day! …and thanks for reading.

Get Pre Approved For A Loan Here
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