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loan with no pmi

options for 40000 annually base income (commission varies) and 712 fico? how much will i need to put down and is there upfront cost? thank you
By inoa.clarence42376758 from WA Sep 25th 2014
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to avoid PMI / mtg ins .....the standard answer is 20% of the purchase price .....there are several other options to consider as well.........one is a combination loan ( 80/10/10) - this requires a 10% down payment ....another option is 5% down and using whats called " LPMI " lender paid mortgage insurance which is essentially taking a slightly higher rate to avoid the need t pay monthly mortgage insurance ...let me know if you would like to see soem of these options compared with one another ...Dave Skow ..>Eagle Home Mortgage ...206 714 9745 and daveskow@eaglehm.com

Sep 25th 2014

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