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!!!

No related posts.

Filed Under: Realtor Tips
Email Email | Print Print
Share and Enjoy:
  • del.icio.us
  • Digg
  • StumbleUpon
  • Facebook
  • PDF
  • RSS
  • Twitter
 

Leave a Comment

« | Home | »

About The Danville Mortgage Blog

The Danville Mortage Blog is your premier source for information on Danville real estate, home loans in Danville, general mortgage knowledge, real estate market updates and Danville community information. On top of all this, you will find leading Danville real estate agents showcased, making your selection of a real estate agent easier.

For Danville real estate agents, you'll find valuable tips on how to take your real estate business to the next level. We're also a wonderful place to keep up on the ever changing mortgage industry.

Prospect Mortgage Equal Housing Lender

Equal Housing Lender. Prospect Mortgage is located at 15301 Ventura Blvd., Suite D300, Sherman Oaks, CA 91403. Prospect Mortgage, LLC (Unique Identifier #3296) is a Delaware limited liability company licensed by the Department of Corporations under the California Residential Mortgage Lending Act and operates with the following licenses: AK Mortgage Lender License #100251; AZ Mortgage Banker License #BK0903027, #BK0909362, #BK0908046, #BK0908050, #BK0908056, BK#0908057, #BK0908058, #BK0908731, BK#0903112, BK#0903912, BK#0906650, BK#0906913; To check the license status of your CO mortgage broker, visit www.dora.state.co.us/real-estate/index.htm; GA Residential Mortgage License #16984; IL Residential Mortgage Licensee #6424; MA Mortgage Lender/Broker License #MC2011; MS Licensed Mortgage Co.; MT Residential Mortgage Lender Licensee #120; NV Division of Mortgage Lending Mortgage Banker #1173 and Mortgage Broker #3095; Licensed by the NH Banking Dept.; Licensed Banker-NJ Dept. of Banking and Insurance #9932415; Operates as Prospect Lending, LLC in NY (Licensed Mortgage Banker-NYS Banking Department); Operates as Prospect Mortgage, LLC of Delaware in OH (Ohio Mortgage Broker Act, Lic # MB.803629.000); OR Mortgage Lender Licensee #ML-2006; PA Dept. of Banking license #1740; RI Licensed Lender #20021343LL, Broker #20041643LB; licensed by the VA State Corp. Commission as MC-2195.

This is not an offer for extension of credit or a commitment to lend. All loans must satisfy company underwriting guidelines. Information and pricing are subject to change at any time and without notice. This is not an offer to enter into a rate lock agreement under MN law, or any other applicable law.