Uh oh . . . effects of the trickle-down.

by

“100% Financing with Mortgage Insurance.  What is it??!”

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 “Well, it’s insurance for mortgage loans with a 100% loan-to-value, usually paid monthly by a borrower as part of their monthly mortgage payment, protecting a lender against a mortgagor’s default, but that’s not important right now.”

On March 30, 2007, I wrote a post about the after-effects (or the predictive after-effects) of the sub prime mortgage meltdown.  My first point was that 100% financing options would continue to become more and more restrictive, even to the average borrower.

So . . . over the next few weeks, keep that in mind (developing story).

Jeffrey Pinkerton is a Mortgage Consultant and President of Hillside Lending, LLC and writer for “the Mortgage Blog.”  Hillside Lending seeks to provide mortgage brokerage services with the highest standards of service, care, honesty, integrity and value; concentrating on owner-occupied, residential financing.  For more information about available programs and interest rates, please visit www.hillsidelending.com.

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