Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "Can I refinance with less than 20% equity (without coming up with the cash to hit 20% at closing)"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]You can refinance with less than 20% equity using two methods: 1. pay mortgage insurance in a lump sum or as a monthly payment - typically the lump sum is the better option as you can finance the sum and your interest rate is not affected. 2. Use two loans to avoid mortgage insurance - commonly referred to as an 80/10/10 scenario. This requires 10% equity, 10% second loan 80% first loan. - this typically is the best option from a monthly payment and cash needed stand point. If you'd like more information, please contact me at (301) 289-3131 or rwdennis@metlife.com. I work for MetLife Home Loans and have helpd many DC Urban Moms & Dads. I am not a broker but instead work as a direct lender for MetLife Bank. RD [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics