Let me give you some examples of how your mortgage insurance rates can vary due to credit score.
These numbers are based on a $100,000 loan at 95% loan to value ratio.
MI Payment Chart…
Credit Score Range MI Payment Amount
> 760 = $45
720 to 759 =$51.6
680 to 719 =$74.17
620 to 679 =$95.83
The lesson here is to protect and monitor your credit as much as you can. Keeping your scores up can save you alot of money!
That’s it for today!
If you or someone you know needs help with a mortgage – please contact our offices.
I hope you have a great day! Thanks for reading!
Brett
I had this situation come up again last week, and I wanted to address it…
One of the most important things you will have to do when you apply for…
I wanted to remind you that we have a 2% to 5% downpayment and closing…
If you receive money from the State or a County sponsored organization for providing foster…
Do you have investment property, and would like to pull cash out of your property?…
I wanted you to know about a mortgage program that doesn’t require any income documentation…
