If you have only 5% down and wants the lowest payment possible, our lender paid PMI (Private Mortgage Insurance) is the best payment option for borrowers with a minimum of 720 or higher credit score.
Look at the comparison below.
$200,000 purchase price with 5% down with a loan amount of $190,000.
Option A: Paying Monthly PMI
Rate: 4.625% with .875% point for a 30 YR Fixed.
Principal + Interest with PMI: $1,127.29
Option B: Lender Paid PMI
Rate: 5.375% with .875% point for a 30 YR Fixed.
Principal + Interest: $1,063.95
That is a $63.34/ month or $760.08/year savings, perfect for the budget minded home buyer!
Please let me know when I can help your next home buyer achieve the best financing terms possible.
Monday, May 24
Monday, May 17
Good Morning:
I have attached a spreadsheet illustrating the payment savings that can be obtained on our 5 YR ARM FHA loan. It’s great for a 1st time buyer who is looking to stay in a house for a short period of time and wants the lowest payment possible. The spreadsheet illustrates worse case and historical data.
I look forward to helping your next home buyer obtain the best loan possible based on their situation.
Click Here
I look forward to helping your next home buyer obtain the best loan possible based on their situation.
Click Here
Monday, May 10
Marketing to Rental Property Investors
Rental properties of one to four units are both a good choice for many of today's investors, and a good area of specialization for many of today's real estate professionals. For many sound reasons real estate professionals may want to position themselves as knowledgeable experts for those who are considering purchasing and operating rental properties.
Why rental properties? For one thing, a growing number of people will seek out new places to live, and an increasingly attractive choice will be renting. In fact, vacancy rates have already begun to ease. A recent study cited by The Wall Street Journal reported that apartment rents rose in the first quarter of 2010 after five straight quarters of declines.
Read more »
The Interactive Home Loan Guide
Bank of America has created an excellent program to help your homebuyers gain a thorough understanding of all that is involved in getting the financing they will need to purchase a new home. The online Home Loan Guide first asks if the user is interested in buying a home, or refinancing, or borrowing from home equity. It then continues, step-by-step down the path toward achieving the stated goal.
Read more »
A More Effective Open House
As a real estate professional, you know how to hold an open house. You know how to explain the home to potential homebuyers and to describe your marketing programs to potential sellers who visit the house. You know how to advertise the open house to your peers and to neighbors.
As a mortgage loan officer, I know how to explain the intricacies of applying for a home loan to those who visit your open house. I can even help with pre-approval applications for potential homebuyers. I can assist the home seller as well by being a source of information for them, especially if they are dealing with difficult circumstances such as a short sale.
Read more »
Why rental properties? For one thing, a growing number of people will seek out new places to live, and an increasingly attractive choice will be renting. In fact, vacancy rates have already begun to ease. A recent study cited by The Wall Street Journal reported that apartment rents rose in the first quarter of 2010 after five straight quarters of declines.
Read more »
The Interactive Home Loan Guide
Bank of America has created an excellent program to help your homebuyers gain a thorough understanding of all that is involved in getting the financing they will need to purchase a new home. The online Home Loan Guide first asks if the user is interested in buying a home, or refinancing, or borrowing from home equity. It then continues, step-by-step down the path toward achieving the stated goal.
Read more »
A More Effective Open House
As a real estate professional, you know how to hold an open house. You know how to explain the home to potential homebuyers and to describe your marketing programs to potential sellers who visit the house. You know how to advertise the open house to your peers and to neighbors.
As a mortgage loan officer, I know how to explain the intricacies of applying for a home loan to those who visit your open house. I can even help with pre-approval applications for potential homebuyers. I can assist the home seller as well by being a source of information for them, especially if they are dealing with difficult circumstances such as a short sale.
Read more »
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