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mortgage insurance: Features & Benefits of Portfolio Loans - 01/27/12 06:56 PM
  Portfolio loans can be a powerful alternative to many common lending restrictions of the mainstream - Fannie Mae, Freddie Mac, FHA type programs. Because portfolio loans are retained by the lender and are not sold in the secondary market, lenders make their own, common-sense rules, specifically to offer alternate solutions. Below are the highlights. /// In the next issue, a summary of the stipulations for converting a property from owner-occupied to non-owner occupied. /// Comments, questions, service? Contact me. – Paul Luykx, Mortgage Banker  (What's a Mortgage Banker?)    Portfolio loan features/benefitsThe list below is incomplete because a portfolio loan can be "a fit" in so many unique circumstances. As you … (0 comments)

mortgage insurance: FHA premiums up Sep 7 - Jaw dropping Jumbo rates - No MI loans to 90% LTV - Where's the appraiser? - 08/08/10 09:46 AM
FHA premiums are going up Sep 7. The upfront premium (added to the loan amount) will DECREASE from 2.25% to 1.00%. The annual premium (1/12th added to te monthly payments) will INCREASE from 0.55% to 0.90%. A quick calculation tells us the break even (equivalent)  is approx 3.5 years. More below. Read more. ///  Jumbo rates are jaw dropping low, as low as 2.75% and 3.35% for 3/1 and 5/1 ARMS /// Make it a good week folks. - Paul   FHA vs Conventional vs Portfolio "FHA" is a loan insured by the Federal Housing Administration, "Conventional" is a loan that is not underwritten by a government agency, and "Portfolio" … (2 comments)

 
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Paul Luykx

Jersey City, NJ

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LX Financial LLC

Address: 1 Harborside Place #749, Jersey City, NJ, 07311

Office Phone: (800) 405-0607

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Mortgage financing news and topics, and meaningful advice for real estate professionals and consumers.


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