Are you looking or know someone trying to purchase investor properties? Have they told you that most lenders will only allow 4 mortgages and then there are a few that allow up to 10. Well let me tell you about my new Investor Edge Program. Did you know we have a new player to the Indianapolis Real Estate Market? Redfin is opening in Indianapolis. This Seattle based realty company offers discounted listing fees for customers selling their homes and more frequent updates of listings on the internet. Redfin differs from traditional realty firms by charging lis...
December 9th, 2014 | The Indiana Mortgage Guy, Indianapolis Realtor, FHA 203k Streamline, HUD - FHA Financing Programs, Featured Loan Programs, Money For Rehab / Finance an Unlimited Number of Investment Properties
What is mortgage Insurance? If your down payment on a home is less than 20 percent of the appraised value or sale price, you must obtain mortgage insurance. Mortgage insurance sometimes is referred to as private mortgage insurance, or PMI. The cost of mortgage insurance varies depending on the size of the down payment and the loan. With mortgage insurance, the borrower pays the premiums, but the lender is the beneficiary. The coverage protects lenders against default by the borrower. If a borrower stops paying on a...
November 12th, 2014 | mortgage insurnace, Mortgage Info, How to Do Away With or Not Have Mortgage Insurance
Big Al Capone's home is for sale and I just need 224 more people to join me to purchase it. Tell me in the comments if you would be interested.
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October 28th, 2014 | Mortgage Info, Homesnap - What a Tool | Homepath - No More | Not MI with a Gift downpayment