Tag Archive for: ltv

The Loan-to-Value (LTV) Ratio: A Guide for Borrowers in Texas

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The Loan-to-Value Ratio (LTV) is a key mortgage term for Texas borrowers to know and understand. LTV is often mentioned when explaining mortgage products.Read More

Mortgage Acronyms Every California Borrower Should Know

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The mortgage industry is infamous for throwing a lot of mortgage acronyms around. If borrowers aren’t familiar with the mortgage industry or the lingo it can be confusing to understand what’s going on at times.Read More

The Loan-to-Value (LTV) Ratio: A Guide for Borrowers in California

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The Loan-to-Value Ratio (LTV) is a mortgage term homebuyer and homeowners should become familiar with if they plan to apply for a home loan. Mortgage lenders will mention LTV often while explaining the mortgage qualification process and different loan products. Today we’re giving a crash course in LTV and explaining the impact LTV has on purchasing and owning a home.Read More

Do First-Time Homebuyers Need Mortgage Insurance in California?

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Mortgage Insurance (MI) can set off alarm bells for first-time homebuyers. Homebuyers are not automatically required to pay for mortgage insurance just because they are first-time homebuyers. MI requirements can vary between loan amounts and loan programs.Read More

3 Ways to Avoid PMI When LTV Is Over 80%

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There are 3 ways to avoid monthly Private Mortgage Insurance (PMI) when a down payment is less than 20%: (1) Combo Loans; (2) Lump Sum or Single Payment PMI; and […]Read More

Comparing Rates Among Lenders – Factors, Considerations, Yelp

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Sometimes other lenders (usually big banks) buy the market and quote very low rates. But, more often than not, many loan officers misquote rates b/c they do not have all […]Read More

When Can Seller Sign? No Impounds If LTV 89.9% Or Less

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Two Reminders: Sellers can sign documents at almost anytime after escrow opens for conventional and jumbo transactions (as long as escrow has all necessary terms and time to prepare documents). […]Read More

5% Down Conventional Condo Purchase up to $625,500; Owner Occ. Ratio; Lender Credit for Closing Costs

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This is another reminder that Fannie Mae now offers 95% Loan-Value-Financing for High Balance loans up to $625,500 (we alluded to this yesterday too). This is especially important for the […]Read More

Eliminating Private Mortgage Insurance or PMI

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Here are three options for eliminating the private mortgage insurance (PMI) obligation associated with a conventional loan (FHA MI is permanent). Option #1 – Refinancing: If your property appreciates to […]Read More

95% LTV With No PMI? LPMI Not A Good Deal.

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Many lenders are again touting their 5% or 10% down loans with no private mortgage insurance (PMI). Almost all lenders (including JVM) offer this through a product called Lender Paid […]Read More

Post-Close HELOC to Reclaim Liquidity; 90% CLTV

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We often encourage buyers to put down 20% or more not just to avoid mortgage insurance, but also to make their offers much stronger and to allow us to close […]Read More