Steve and Lisa's Mortgage Morsels

Which Downpayment Strategy Best Suits Your Budget?

November 4th, 2011 9:34 AM by Steve Iltis

Start low -- 3.5% on an FHA loan with higher mortgage insurance charges.

Mid range -- 5-10% on a conforming loan means lower PMI payments.

All in -- 20% which will eliminate the cost of PMI.

For veterans VA offers 0% down. For rural properties USDA offers 0 down. Neither one has monthly mortgage insurance but do charge upfront fees.

For more information please call us 941-954-4252.  We would be happy to answer your questions!

http://www.iltislending.com/MortgageSavingTips

Posted in:General
Posted by Steve Iltis on November 4th, 2011 9:34 AM

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