What a great marketing idea!!!!!

Comments(0) By Mike Miller •September 11th, 2008

Especially good if you have a listing under $810,000!!!

Offer your home to the public with 10% down and no mortgage insurance. Many buyers are not coming in with 20% down, and are adverse to paying MI (Mortgage Insurance). And who blames them? It is getting more expensive every month ($250-$450 a month) and it is just money out the window!!!! That same money can be used to afford a higher priced home!

Here is what we do:

We offer what is called “Single Premium” mortgage insurance. This is a one time amount, paid at closing, that is considered a non-recurring closing cost. For less than 2% of your seller’s price you can dramatically increase the exposure to the marketplace. In today’s high-LTV-single-loan-market, this gives you a terrific advantage! And remember, there is no monthly mortgage insurance paid by the buyer so they can qualify for more!

Help your buyers qualify for more home or simply be more comfortable with a lower monthly payment.

Single Premium Mortgage Insurance and Mike Miller, helping you sell MORE homes FASTER!!!

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Filed Under: Realtor Tips