Real estate blog entries tagged with prime by Rob Spinosa, Mortgage Loan Originator, Marin County (US Bank)

Home : Blogs : Rob Spinosa : California Mortgage Blog : Tag "prime"

prime: 10% Down Jumbo Mortgage with No PMI - 05/27/18 08:28 PM

10% Down Jumbo Mortgage with No PMI

With the Federal Reserve Open Market Committee poised in June of 2018 to increase in the rates that impact home equity lines of credit ("HELOCs"), home buyers who have traditionally used "piggyback" or "80-10-10" solutions to purchase a home with less than a 20% down payment may have second thoughts. Not about buying the house, per se, but about a HELOC rate that could approach 7% --- with future adjustments possible as well. When Prime Rate was in the mid-3% range, most 80/10/10 loans had very palatable start rates but after a decade of seeing … (1 comments)

Related Links: