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Looking for a 80-10-10 fixed rate lender

by dermray841 from Sherborn, Massachusetts. Dec 11th 2017 Reply


Dick Lee (dlee@indmortgage.com)
#8 ranked lender in Massachusetts - 16 contributions

Would be happy to help you! Can you tell me more about your purchase? thanks,DickDick J. Lee, Managing Director, NMLS #13202MSA Mortgage, LLC NMLS #1984Asian Real Estate Association of America Boston Chapter, President 2016 - Present Chair Membership Services 2018 (AREAA)617-965-1988 Ext 208 Office508-277-9939 Mobile617-963-7418 eFaxdlee@indmortgage.com SECURE UPLOADwww.dicklee.netApply NOW

Dec 11th 2017
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We offer in 80 10 10 I am a licensed Banker based in Providence Rhode Island nmls number 12937 feel free to call or email gevine@Atlantic Home Loans.com or 401-301-0130

Dec 11th 2017
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,428 contributions

They are out there.. but a good loan officer is going to ask you why you would want to do a 80/10/10.. If it's because you don't have 20% down.. then the reality is you really only need 3% to 5% down.. If it's to avoid paying a monthly mortgage insurance premium, then your probably better off paying MI vs. a higher interest 2nd mortgage.. Years ago.. the rate for MI was high.. today, if you have good credit, the MI factor is relatively low and it can request to remove it after you have paid a minimum of 2 years and once you have reached 20% equity.. The ideal scenario is to sit down with a local mortgage pro and let him look at your complete loan profile and put together a couple of loan examples.. then choose.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Dec 11th 2017
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Steven Brand (stevenbrand)
#3 ranked lender in Minnesota - 98 contributions

As a licensed MA lender... (as William mentions)... I would ask "why do you want a 80/10 program?". Of course I will let you get whatever you want.. but the lending community now is so much about DOING THE RIGHT THING and SERVING CLIENTS in an ethical and compliant manner I'd want to know if a 90% loan would be the better and more effecient program for you for either the short and/or long run. Reach out to me if you really want someone to review your whole situation. office978-202-5722 or ApplyWithSteven.com

Dec 11th 2017
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Joe Metzler (JoeMetzler)
#19 ranked lender in Minnesota - 3,754 contributions

An 80-10-10 isn't something special. Every lender can offer you that... But be sure to do the math. Mortgage insurance has changed. 80-10-10 is not a popular product anymore. Today, standard loans with monthly PMI actually work out better for most people, especially if you have excellent credit. Most lenders just give you what you ask for and don't run numbers, so again, be sure to run numbers. For this situation in MN, WI, or SD. Visit me at https://Minneapolis-Mortgage.com

Dec 12th 2017
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