Tag Archive for: loan to value

Unlock Your Homebuying Power With The Trailing Primary Residence Program

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Buying before selling a primary residence can present financial challenges. However, the Trailing Primary Residence Program offers a solution that increases your purchasing power and allows you to leverage the equity from your departing residence. In this comprehensive blog post, we will delve into the inner workings of the Trailing Primary Residence Program, its remarkable benefits, and how it can empower you to buy a new home easily.Read More

Cash Out Vs. Rate & Term Refis – What’s The Big Deal?

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Prior to the 2008 meltdown, as much 90% of all refinances were “cash out,” meaning borrowers increased their loan amount with almost every refinance. That percentage has since dropped to […]Read More

Loans/Rates Not a Commodity; Vary by Source, FICO, LTV, Loan Amount

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Loans and Rates are not commodities. We reiterate this b/c so many borrowers ask us what “the” rate is. Or, they demand that we match an advertised rate they find […]Read More

“80/10/10” Explained; Lower Payment; No PMI; Longer Close

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We are getting many questions about “80/10/10” financing lately. “80/10/10” stands for an 80% loan-to-value (LTV) first mortgage, a 10% LTV 2nd mortgage, and a 10% down payment. The purpose […]Read More

When VA /FHA Clearly Stronger Than Conventional? Large Down

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We often have buyers willing to take VA or FHA financing even though they have substantial funds for down payments. The reason is that they are often bidding on properties […]Read More

We NEED Freddie; You NEED Freddie; Does Your Lender Have Freddie?

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We recently made clear that Fannie Mae and Freddie Mac are completely different entities, and how Freddie is much more flexible with respect to many underwriting guidelines. In light of […]Read More