Purchasing a home has never been so easy! On approved credit you can put only 3% down and the lender will pay your monthly mortgage insurance fee in exchange for a slightly higher interest rate, this is called Lender Paid Mortgage Insurance (LPMI).
Compare options when shopping for a mortgage to see what one works best to achieve your goal. For example the LPMI option will most likely result in the lowest monthly payment.
Refinancing is a good idea if you can get a lower interest rate for little to no cost. With rates declining, I would not recommend paying fees or points to refinance at the moment unless you need to.
Reverse Mortgages are for those who are at least 62 years of age and would like to spend their equity while they are alive.
I, Michael James Hansen, am honored to provide customer service that is reliable, trustworthy and keeps the most money in my clients pockets.
So EZ Mortgage offers a no closing cost option on many of our loan programs. With this option, our lender credit covers all title, appraisal, and 3rd party fees resulting in absolutely zero closing costs paid by the borrower. Many banks offer a "no point" mortgage where they don't charge fees, however the borrower still must pay for some items such as title and appraisal fees. With our true no closing cost mortgage, the borrower pays no closing costs, period! Our true no closing cost rate is lower than the competitions par rate with closing cost.
When you need a quote over the phone, we will provide it in less than 60 seconds and send a copy to your email without having to run credit or take your application. Most lenders will avoid talking about pricing and string you on until the end on what your actual funds to close will be and how much you are paying in closing cost.
100% of our loans close within the lock or contract period or your rate extension is free. In most cases your loan will be approved in 1 day and clear to close with appraisal in by the 7th-14th day.
My blog is written by me and updated monthly. If you subscribe you will get a snapshot of what I wrote the month prior on the first of each month, when your mortgage is due.
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