Eli Sunderland
New Investor in the Minneapolis, MN area
3 October 2016 | 6 replies
If you're credit is good it's likely a better option because there is no upfront mortgage insurance premium like there is for an FHA loan.
Ian Price
Interviewing Brokers to be Agent
17 October 2016 | 2 replies
Some questions I picked up along the way that I didn't have at first:What is the E&O premium and what is the deductible?
Andy Welmers
Student Rentals - utility bills?
2 February 2017 | 9 replies
Students are willing to pay a premium for the easy of a single payment.
Pandu Chimata
2nd home loan by FHA
10 October 2016 | 6 replies
There are many ways to pay PMI:- LPMI - lender paid MI which is a fancy term for taking a bit higher rate to absorb the cost of monthly MI for the life of the mortgage, depending on your credit score it may take .125%- .50% more in rate to absorb your entire premium for the life of your loan- BPMI single premium- similar to the above it eliminates the monthly MI premium for the life of the loan but BP part of BPMI stands for "borrower paid," so as you might have guessed the borrower pays this premium in a cash sum at closing either from their own funds or seller concessions they've negotiated from a seller or a gift from their giftors -BPMI monthly or split premium - MI can also be paid as monthly MI which is the stereotypical way to pay MI and it can also be paid as a split premium or hybrid whereby the borrower pays a good chunk upfront to have a greatly reduced monthly MI payment.Most people take LPMI and absorb it through the rate via LPMI to eliminate MI for the life of the loan.
Steven Gillmer
Multi Family Homes
2 March 2019 | 22 replies
They are also business for profits which tells me that's where to keep an eye out as locations closer to downtown tend to have premium pricing on real estate.
Adele Hawkins
1st Deal Analysis for Rental Property
8 October 2016 | 11 replies
But if they are the same in this case I would expect your annual premium to be around $650.
Jon Q.
Middle Class: Chips Are Stacked Against You
16 August 2016 | 45 replies
Did you know that in 2008, folks with great credit get a less than premium mortgage interest rate, because they did not know any better?
Benjamin Molina
Noob with questions
16 August 2016 | 13 replies
So buying at a premium like that makes zero sense to me!
Courtney Downtain
Potential SFH turnkey property. I need help evaluating!
17 August 2016 | 17 replies
That being said I think in most cases with turnkey purchases, you're going to pay a premium which makes it more acceptable to buy something with less room in the deal.
Corbin Jones
Design & Development in California
18 August 2016 | 8 replies
The good news for you is that you reside in an area where people can and will pay a premium for high level design and construction.