"Looks like it would still be financially beneficial. Additionally, if you closed your purchase prior to 6/2009, then you can use the same monthly PMI and benefit from the lower rate. None-the-less, if you're @ 5%, and reduce your loan to 3.25% or lower, there would still be an immediate incentive followed by a larger benefit down the road when the pmi is removed."    View Post

"Does anyone have any contact info for SunTrust CEMA's? Thanks."    View Post

"Loan Scenario View All Post A Scenario Loan State: New York Loan County: --- Loan Type: Purchase Loan Amount: $251,250 Property Value: $335,000 LTV: 75% FICO: 760 DTI: 39 Occupancy Type: Owner-Occupied Property Type: Condo I am looking to do a piggyback loan on a purchase of a condo. The building is Fannie 1028/PERS approved, but is still in the early sales phase (51% in contract, TCO issued). That being said, PMI companies have tight guidelines on condo's, redardless of DTI constraints. I am..."    View Post