As of November 3, 2009 Georgia will be removed from the “declining market list” of my largest investor and I will be able to offer a combined loan to value on purchases up to 85%.
That means that I can go up to 85% with subordinate financing, which may be a line of credit or a second mortgage. Any combination of a first and second mortgage can be used to make up the 85% combined loan to value.
With this method your buyer can escape paying mortgage insurance, provided the first mortgage does not exceed 80%, and jumbo pricing can also be avoided.
Any questions or scenarios, please contact me to discuss more fully.
Regards,
Ari Berman
HomeWorks Mortgage Corp
4360 Georgetown Square, Suite 809
Atlanta, Georgia 30338
PH: 770.455.3011 ext 224
FX: 770.455.3031
www.homeworksmortgage.com
Apply online at: www.homeworksmortgage.com/apply_now.php
