Yes, it will help you obtain a larger loan, here’s why. Let's say that you are a family with $42,000 Annual Gross Income and monthly revolving debts of $800 for car payment and credit cards, and you have $10,000 for your down payment and closing costs on a 7%-interest mortgage. Without PMI the maximum price you can afford is $44,600, but with PMI covering the lender's risk you now can buy a $62,300 house. PMI has afforded you 39% more house.
We've been helping investors obtain and finance properties and build their business for many years and we love what we do.
Company NMLS:
www.nmlsconsumeraccess.org
400 N. Tustin Ave
Santa Ana, CA 92705
Phone: (773) 234-6322
truhardmoney@gmail.com
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