Don't Get Ripped Off With Mortgage Insurance- Pt 2

Don't Get Ripped Off With Mortgage Insurance- Pt 2. 2019 mortgage protection

Don't Get Ripped Off With Mortgage Insurance- Pt 2 video duration 7 Minute(s) 57 Second(s), published by Dan French on 18 08 2019 - 19:22:22.

Mortgage insurance products includes options for lender or borrower-paid premiums, and can be financed as part of the mortgage, paid monthly or paid as a https://www.DavidDuford.com - Numerical Breakdown Of Income Earning Opportunity In Mortgage Protection Sales Part 2 In this second part of a two part video .

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Mortgage insurance products includes options for lender or borrower-paid premiums, and can be financed as part of the mortgage, paid monthly or paid as a one-time upfront single premium. With this flexibility, it is easy to find the perfect mortgage insurance solution for each borrower.

· Borrower-paid (BPMI)

· Lender-paid (LPMI)

· Single or Single Financed Premium

· SplitEdge®

Our mortgage credit risk transfer solutions are offered directly or with the involvement of capital partners. They can be written in credit insurance and/or mortgage insurance form and can be customized to suit a client’s needs. These solutions include:

· Loan-level risk transfer via mortgage insurance

· Pool-level risk transfer on GSE and non-GSE mortgage portfolios

· Tranche level protection on various GSE Credit Risk Transfer (CRT) programs (e.g., Freddie Mac’s STACR & ACIS, Fannie Mae’s CAS & CIRT, etc.)

· Credit enhancement on residential mortgage-backed securities

· Capital relief risk transfers

The 20% Downpayment Myth

· It’s a common misconception that a 20% downpayment is required to purchase a home. You may have heard this from a variety of sources, but it’s simply not true. In fact, many people purchase a home with much less. According to the National Association of Realtors®, the median downpayment among first-time buyers has been 6% since 2014.

· There are certainly reasons to make a 20% downpayment if you can afford it – like getting a lower mortgage rate and avoiding extra fees that come with low downpayment options – but it can take years to accumulate enough savings (you can run your own estimate with ourdownpayment calculator). And waiting a few years to afford a 20% downpayment may come with consequences. Rising rents, home prices and mortgage rates could keep pushing the dream of homeownership further out of reach. Luckily, there are a variety of low downpayment loan options available.

· Low Downpayment Loan Options

· It can be shocking to realize how long it will take to save a 20% downpayment, but there are several low downpayment loan options that can help you achieve the dream of homeownership sooner. How much sooner? Use our downpayment calculator to see the difference it takes to save 3%, 5%, 10%, or 20% down based on your financial situation.

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Dan French
Loan Officer
Mobile: (702) 332-3532

1120 Wigwam Parkway #100