Mortgage loan advice for the next 30 days?

Posted on Dec 29, 2011 in Mortgage Advice | 0 comments

Question by Dr. Business: Mortgage loan advice for the next 30 days?
What is the best mortgage advice now rates are going back up? Moreover what to pay and look for in the fine print.

I have $ 3,500 payment for a non jumbo for $ 550,000 in CA. @ 6.2 APR fixed on home worth double that still today. I have less than 40% ratio with 800+ score.

What should I do Today?
Yaaaa ?? I do have 50% in equity!!

What is PMI???

Best answer:

Answer by Judy
Do you have 20% down, that PMI is nasty.
Be ready to pay thousands upon thousands (a year) in PMI that is not tax deductible, and does not apply towards principal or interest.
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