The 80/10/10 Mortgage is Back – Remember 2nd Mortgages???
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...
85% Jumbo Loan – to $2 Million
After last year’s scenario of rising home values and falling defaults, jumbo lenders have come on board with an 85% loan up to $2 million for qualified buyers. For clients who sought a higher end home, but were precluded for lack of down payment, here is the...
90% Jumbo Loan – to 1.5 Million
After last year’s scenario of rising home values and falling defaults, jumbo lenders have come on board with a 90% loan up to $1.5 million for qualified buyers. For clients who sought a higher end home, but were precluded for lack of down payment, here is the...
REBOOT FOR MILLENNIAL SALES
Millennials have largely avoided home ownership because of the challenges they face: higher unemployment, lower wages and student debt. They comprise the largest generation in the country and will be the major force in the workplace. They are thrifty, family and...
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