Here’s how your clients can borrow 90% of the purchase price and pay no mortgage insurance.
Secure a traditional Fannie Mae, Freddie Mac or a jumbo up to 80% and take a second for 10%. This can be a Home Equity Line of Credit or a fixed rate 2nd mortgage. That pencils out to 90% of the appraised value and no mortgage insurance is required.
This is a great option for qualified buyers with excellent credit and a low debt to income ratio.
For more information, call Mike at 1 (800) 239 1103 or email Mike@mycahomeloan.com.
