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Siobhan McLaughlin's Blog

By Siobhan McLaughlin | Agent in Middletown, CT

William Raveis Mortgage offering 97% Loan-to-Value Conventional Mortgages!

Great news if you are thinking of buying a home or refinancing!  William Raveis Mortgage is now offering 97% loan-to-value conventional mortgages due to their superior credit rating!  These are not FHA, but conventional, which means no FHA charges.  What this means, in English, is that you can buy a single family primary residence with 3% down (condos require 5% down, second homes require 10% down), instead of 20% down like most lenders are requiring today.
Thinking of refinancing?  William Raveis mortgage is also doing 95% LTV refinancing loans.  This is also great news even if you are thinking of selling, as this will hopefully bring out more potential buyers.
There are of course restrictions such as minimum credit scores and debt-to-income ratio considerations.

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