MyMortgageInsider

My Mortgage Insider

Operated by Full Beaker, Inc. NMLS #1019791

[Tim Lucas @hellofromtim]

80-10-10 'piggyback' loan #homebuying benefits
1. No PMI
2. You can pay off the 2nd loan at any time
3. Potentially lower payments than with a single 90% loan
4. It's fun to tell friends you have a piggyback loan
via @mtg_insider
https://t.co/yGtcpbtWDB

[Tim Lucas @hellofromtim]

Fun facts about a VA home loan:
1. No down payment required
2. No monthly mortgage insurance
3. Usually about 2 years of service required or 90 days active duty
4. Lenient credit guidelines
via @mortgagereports
https://t.co/5CeJtt8pzc

[Tim Lucas @hellofromtim]

What’s the right-sized mortgage down payment for you? Depends on your credit, savings, long-term plan and more.
1. FHA: 3.5% down
2. Conventional: 3% down (5% for best rates)
3. USDA: 0%
4. VA: 0%
5. Jumbo: 20-30%
Via @mtg_insider

https://t.co/nmsUNvF0sD

[Tim Lucas @hellofromtim]

Homeowners with government-backed loans (#FHA, #VAloans, #USDAloans) can request two additional 3-month #forbearance extensions, for a total of 18 months, if entered forbearance by June 30, 2020 @mortgagereports https://t.co/sHZcOlKFYp

[Tim Lucas @hellofromtim]

The @FreddieMac Enhanced Relief Refinance (FMERR) didn’t expire as planned. Guidelines:
1. Min 97 LTV or loan is underwater
2. Freddie Mac owns the loan
3. Loan originated after 11/1/18
4. Current loan is at least 15 months old
5. No late payments last 6 months
Plus other stuff.

[Tim Lucas @hellofromtim]

Steps to apply for an FHA loan:
1. Find a lender
2. Start your application online, in person, or on the phone
3. Provide basic information then submit supporting docs
4. Compare loan estimates from at least 3 lenders
@mortgagereports

https://t.co/BKVWWDfX0M

[Tim Lucas @hellofromtim]

What will #mortgagerates do in the next 90 days? Here’s what we think @mortgagereports https://t.co/FQRpQWGKWZ

[Tim Lucas @hellofromtim]

Congrats @FairwayMC for topping our list of best #mortgage lenders for 2021 @mortgagereports https://t.co/LGoO17Ucx1

[MyMortgageInsider @mtg_insider]

@mdeziel I'm in if you need more folks. Accomplishments: https://t.co/GHa4iWBAcU

[MyMortgageInsider @mtg_insider]

Some of our best work over at @mortgagereports. Deep dive on how to mortgage-qualify with #studentloans, especially for those with deferred loans, #REPAYE #PAYE #IBR #ICR & graduated payment plans https://t.co/1qB6UbjYJa

[MyMortgageInsider @mtg_insider]

@ericosiu Appreciate it. The ability to start a new test compared to the original is going to be a game changer for this tool and our team.

[MyMortgageInsider @mtg_insider]

Hey @ericosiu my team uses Clickflow. Great tool but if an experiment loses, you can't run a new test comparing to original performance. The new test compares to the losing experiment. So a winning test from there might not be better than the original.

[MyMortgageInsider @mtg_insider]

@TashaB2017 I work for Full Beaker, the parent company of My Mortgage Insider and The Mortgage Reports. We cover nationwide mortgage information.

[MyMortgageInsider @mtg_insider]

No down payment? No problem. https://t.co/1w12cFCCyb

[MyMortgageInsider @mtg_insider]

Home buying is hot. But it can be spendy. 7 ways to buy a home on the cheap. https://t.co/eJ4s2RvhOU

[MyMortgageInsider @mtg_insider]

@MartinR83648098 Contact @TomPessemier

[MyMortgageInsider @mtg_insider]

@ThomasCharlton3 Are you talking about cash out or a streamline refi?

[MyMortgageInsider @mtg_insider]

Veteran's Day 2020: Tweet "Thank You For Your Service" and @veteransunited will donate $25 toward paying off a Veteran's home. #MakeItMeanMore Check progress at https://t.co/eueR720Rhs

[MyMortgageInsider @mtg_insider]

@ThomasCharlton3 Most/all of them. Are you talking about cash-out? It could be harder to find a 100% lender for VA cash out. Streamline -- all of them should do it.

[MyMortgageInsider @mtg_insider]

@Atman4Awakening @mortgagereports I'm pretty sure that's one of the charges that they can't overcharge for and keep the difference. They need to charge the exact amount. Of course, if it's an estimate that you're getting upfront, it's probably not exact.