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Mortgage Insurance

March 27, 2008

The following note was delivered today from our esteemed mortgage diva.  100% financing is becoming increasingly difficult to find. 

Customers: BEWARE!! MI (mortgage insurance) companies have pulled back all Mortgage Insurance Certificates for loans with less than 3% down. Max financing is NOW minimum 3% down! INDUSTRY WIDE!!

Patty Cunningham
Coldwell Banker Preferred
610-363-6006
cell: 610-659-4669

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2 Comments
  1. Kenneth Fach permalink
    March 31, 2008 2:48 am

    It is about time buyers pay something to get into the home. I have always disliked the 100%LTV ratio, since buyer has not financial incentive in the property.

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