The Conventional Squeeze

By
Mortgage and Lending with Mortgage Master

Vice on Money

Conventional Loan Guidelines Keep Tightening

 

Ocean and Monmouth Counties have been designated as declining market areas.

 

 

What does this mean to you:

 

·       Buyers putting 20% down will be required to pay PMI

·       100% financing has been eliminated

·       PMI rates have increased

·       Down payment on condominiums are up to 15%

 

Call to discuss how you can

AVOID THESE CHANGES WITH FHA

 

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