New Lending Rules Effective November 1, 2008
Effective November 1, 2008, no Private Mortgage Insurance (PMI) will be available for investment properties. If you are thinking about purchasing investment property, you will now have to put down 20% of the loan amount. PMI will still be available for primary homes and second homes.
If you have any questions, please call Kathy Rukat at (843) 267-2710 or email at Kathy@KathyRukat.com.
If you have any questions, please call Kathy Rukat at (843) 267-2710 or email at Kathy@KathyRukat.com.
No comments:
Post a Comment