Tougher Credit Standards and Lower Cost PMI

These Fannie and Freddie low-down-payment loans do apply tougher credit standards than either FHA or VA, but their loan limits reach substantially higher. Also, borrowers whose credit scores reach 680 (possibly as low as 620) will probably pay less for private mortgage insurance with Fannie and Freddie loan programs than they would with FHA.

On the other hand, borrowers with FICO scores of less than 620 may find that FHA's mortgage insurance premiums (MIP) now fall below the premiums of the private insurers who guarantee Fannie and Freddie's low-down-payment mortgages (i.e., LTVs greater than 80 percent). You'll need to compare costs based on your specific situation. No firm conclusions apply because competition perpetually shifts the pricing landscape. Plus, your full range of underwriting Cs (Secret #40) can influence loan terms and costs.

Avoiding Credit Card Disaster

Avoiding Credit Card Disaster

People who struggle with saving money and getting out of debt will find these things in common: They don't know how to stop blaming. They have no idea where their money needs to go! They don't know they need to forget the home equity line. They also don't understand they need to sell some investments. Many more problems untold. Well don't worry, With the strategies that I’m about to let you in on , you will have no problems when it comes to understanding how to get out of credit card debt.

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