Financing in 40222 : Advice

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Marc D'Angelo…, Real Estate Pro in Roswell, GA
Marc D'Angelo - Lender answered:
Are there ways to avoid PMI even if you can only put 7-10% down?
Yes you can go with a loan where the Lender pays a single premium mortgage insurance policy known a LPMI. Most banks will Market 90 and 95% no MI loans but this is what the lenders are ... more
0 votes Share Flag Wed Jan 29, 2014 Financing in 40222
Joel Lobb, Real Estate Pro in Louisville, KY
Joel Lobb answered:
If I purchase a home with an appraised value that is 20% or greater than the purchase price i.e. a foreclosure, will I need pmi?
You will have to pay pmi and sometimes on jumbo loans you will need more than 20% down and a higher credit score on jumbo loans.

Joel Lobb (NMLS#57916)
Senior Loan Officer
502-90 ... more
0 votes Share Flag Thu May 9, 2013 Financing in 40222
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