For the month of October, I will be featuring and promoting a unique loan program that is actually slated to go away in November. This program has been an INCREDIBLE money saver for many of my clients over the last 24 months and I am sad to bid it farewell. However, before it goes by the wayside, like so many other loan products over the last 5 years, we are going to give this old friend a glorious send off!!
The 5% Down, conventional mortgage, with no monthly PMI, is a fantastic program and can be a HUGE money saver to qualifying borrowers. For example, if the monthly mortgage insurance on a $150,000 FHA loan is $168 per month. Not having to pay that extra cost would equate to saving over $2,000 per year!!!
For more information regarding this soon to be forgotten program, please call me for a personal review.
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