Tag Archive for: no pmi

New 0% Down Doctor And Medical Professional Loans! Why?

It’s amazing to see how much down payment risk lenders will take when they know a borrower will earn a lot of money… I often blog about the biggest reason borrowers walk away from their mortgages: a lack of equity, resulting from price drops and/or too little down (it’s not high payments, like the media will have us believe). But there is an exception to this rule: doctors and medical professionals. They keep paying no matter what, and mortgage lenders know this.Read More

10% Down No PMI Explained; No Free Lunch; Not Best Deal

Many lenders promote “10% down with no PMI” loans, but they often hide higher interest rates behind the offer. Borrowers may save on PMI upfront but pay far more over time. With today’s discounted PMI options, a loan with PMI is usually the better choice.Read More