【在 S*******s 的大作中提到】 : I dont think you can find such loan
d*6
4 楼
btw,我的是上个月lock的,3.75%
r*d
5 楼
Rate is about the same, or little bit higher, compares to the LTV80 or less. However, you have to purchase the Mortgage Insurance. How much you need to pay will depend on your house value, location, your credit scores....MI will be charged monthly and you can remove it once the LTV reach to 80. Some lender just combines the MI and mortgage rate together and give you a high rate.
You need to get two approval: one is from lender and one is from Mortgage Insurance. Once both are approved, you will be fine. I used to have a client that lender can not find the mortgage insurance to cover the area where property located so the loan failed.