lpmi: Is Lender Paid Mortgage Insurance now more affordable then FHA?
- 05/01/11 02:54 AM
This is now something that needs to go under consideration buy your buyers. The lender paid option will not work for every buyer that you have but for the ones with the higher fico's there is now a new option for them. Here is a quick break down on what customer would fit this lender paid mortgage insurance option. The MI companies will do it with a 660 FICO but we are all well aware of investor over lays so i would really keep it to 680 and above. Price ( rate adjustments) really won't come into play with any borrower … (2 comments)
This is now something that needs to go under consideration buy your buyers. The lender paid option will not work for every buyer that you have but for the ones with the higher fico's there is now a new option for them.
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