Tag Archive for: pmi

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

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

Prime Rate Up; HELOCs Up; PMI Down

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Prime Rate was 3.5% last year at this time. Currently the Prime Rate is 4.25%. It has been climbing steadily with every increase in the Fed Funds Rate. Prime Rate […]Read More

Unison – 10% Down Payment Assistance For Small Share of Appreciation

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Unison contributes 10% of the purchase price or more to help buyers increase purchasing power, to save cash for other uses, to avoid PMI, or to reduce payments in order […]Read More

The Case for Private Mortgage Insurance; PMI Is a Great Option Now

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Private Mortgage Insurance (PMI) for buyers with less than 20% down has been much maligned for all too long. PMI is now, however, so much more competitive that it is […]Read More

Arch Mtg Ins; MUCH Cheaper; Algorithms

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Today’s Blog is about Private Mortgage Insurance, normally a boring subject, but now fascinating for a few reasons. First, Arch MI is now available for strong borrowers as a fantastic […]Read More

Dow Hit Record High; Getting Out of PMI

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A borrower recently called us to discuss his refi options. He had a 30 year fixed rate loan at 3.5%. He also had PMI that he wanted to eliminate b/c […]Read More