Home Loan Insurance rates

By a home loan insurance

Your down payment is less than 3%, making it difficult to get a loan and a good rate. You could see more loan options if you can put 5-10% down and better rates if you can afford a 20% down payment. For help in increasing your down payment, you can visit the Down Payment Resource Center.

  • Down Payment

You could see more loan options if you put 10% or more down and lower rates if you can afford at 20% down payment. For help in increasing your down payment, you can visit the Down Payment Resource Center.

  • Loan-to-value

The loan amount requested is almost the full value of the property, which makes it difficult to get a loan. There may be more loan options if you can decrease the size of your loan amount so your loan-to-value ratio is 90-95%.

  • Loan Amount

Loan amounts less than $50, 000 typically receive fewer quotes.

Your loan amount is slightly higher than the conforming loan limit of $417, 000. If you can afford a bigger down payment and decrease your loan amount to $417, 000, you could get a substantially better rate.

  • Credit Score

Your credit score is on the low side and may be hampering you from getting more quotes or better rates. Find out how you can improve your credit score.

  • Debt-to-income

Your debt-to-income ratio (DTI) is high so it may be more difficult to finance a loan. An ideal DTI is 36% or lower. Learn more.


Get a home equity loan now

2004-02-19 20:21:57 by shoptillyoudrop

While the rates are still low.
If nothing else, have it gutted by other folks. Cheap labor to gut it. But a pro GC to supervise. It will be at least 20 tons of plaster. Takes about a week, maybe two. Then they will point out all the important things that are wrong that you damn well better do something about. Plus you can add shear wall cheaply for much added structural strength (earthquakes, etc., insurance discount), which can't be done otherwise. All the wiring will be exposed and a snap to replace. Any hot Knob & Tube junctions that are itching to start a fire will be visible

Seeking advice: Time to refinance? (FHA Loan)

2008-04-12 09:43:18 by sarbuze

Brief background:
First time home purchase (April 2007) through FHA Loan at 5.75% interest. Our mortgage payment with PMI, insurance, taxes, etc is around $2000.
Financially we are quite stable and are currently doing some upgrades to the home (new kitchen, new landscaping in back yard).
Is now a good time to refinance since mortgage rates are dropping? Should we wait until they go down more, or until our renovations are complete?
Any advice is very appreciated. We're going to contact our financial adviser next week about this, but figured I'd get advice from some of the resident experts.

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Menlo Park city manager gets home loans bonus for job performance  — San Jose Mercury News
In the wake of a job performance review, the Menlo Park City Council rewarded City Manager Alex McIntyre by giving him a $360,000 home improvement loan and reducing the interest rate on a $1.1 million house loan he got when hired early last year.

State Bank of India : SBI, HDFC Reduce Interest Rates On Home Loans  — 4-traders
Vaibhav Agrawal, analyst with Mumbai-based Angel Broking Ltd. said the Reserve Bank of India's decision to pause and an improvement in liquidity with banks has helped lenders to reduce interest rate for individual customers and improve loan growth.

Related posts:

  • Avatar Lola Should I get home improvement loan or refinance with cash out?
    May 29, 2009 by Lola | Posted in Renting & Real Estate

    I want to refinance my home to take advantage of lower interests rates. I also want to renovate my house since it has severe structural problems. Should I refinance and get cash out to use for home improvement or should I refinance without cash out and get a separate home improvement loan? What is the difference between the two scenarios?

    • If your 1st is strictly purchase money, you never got additional cash, you should probably keep that one separate because straight refis have better rates than cash out or cash out refis. If your home has severe structural problems, though, you may be in trouble. The appraisal has to say the property is in at least average condition. Structural problems may have to be remedied prior to refiance. It really depends on the lender and how serious the issues are. If you ve already done a cash out refi, you may find that the rate for the whole amount is ok. Not all lenders do a "home improvement" …