The last remaining PMI company providing insurance up to 90% for investors has cancelled the program. There are no insurance companies providing PMI over 80% on Investment loans. If you are a Real Estate Investor you now need a 20% down payment.
Archive for October, 2008
Mortgage Lending Update
Posted: 6th October 2008 by Greg Phillips in Mortgage RelatedTags: Mortgage News
As many of you heard the financial sector is struggling to continue to lend money. I would like to clear up what effect I have seen in my mortgage operations. At this time I have not seen anything change. Everything has been business as usual. We are still doing mortgages and I wanted to clarify [...]