By google to collect some related information or you may try using answer engines like yahoo answer or yedda.com to get some related ideas.nonetheless,If you prefer some direct resource,here http://www.insuranceidea.info/free-insurance.htm is a good one from my own experience.When buying a house and you have a co signer who credit score do they go buy in a mortgage insurance company?
If the loan is a FHA loan the mortgage insurance is not based on a fico score as the monthly premium is .55% of the loan amount. On conventional loans there are four major mortgage insurance companies and while each have their own guidelines, the mortgage insurance is largely based on the loan to value and the primary borrower's score.When buying a house and you have a co signer who credit score do they go buy in a mortgage insurance company?
Kind of both. They use the higher one to make you eligible for the loan, but they use the LOWER one to determine your interest rate.
No comments:
Post a Comment