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81
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19
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Chris Breezy
  • New York, NY
19
Votes |
81
Posts

Any better options then fha loan to do a house hack

Chris Breezy
  • New York, NY
Posted

I spoke with a td lender and he's telling me he can get me a mortgage for 3% down and pay no mortgage insurance.

He said theirs no owner occupant issues has any body ever get offered sumthing better then a fha or is their stuff he's not telling me 

Most Popular Reply

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472
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257
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Michael Cohen
  • Investor
  • Towson, MD
257
Votes |
472
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Michael Cohen
  • Investor
  • Towson, MD
Replied

You might not be paying MI/PMI per se, but you're paying for it by way of a higher interest rate. It's called Lender-paid MI (LPMI.) Compare 2 or 3 lenders to see what your total costs and APR would be.

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