Comments on: Mortgages, PMI & Sub-prime loans http://www.shankrila.com/money-matters/mortgages-pmi-sub-prime-loans/ where technology meets daily life! Thu, 20 Nov 2008 10:50:08 +0000 http://wordpress.org/?v=abc By: kevin@Paydayloans http://www.shankrila.com/money-matters/mortgages-pmi-sub-prime-loans/#comment-4020 kevin@Paydayloans Sat, 19 Jul 2008 21:32:11 +0000 http://shankrila.com/2007/03/22/mortgages-pmi-sub-prime-loans/#comment-4020 I am suprised how easy it was for so many people to get a loan without any ID or proff of income. The sub prime mess was the banks own fault they sold mortages and took comissions. Now they want everyone else to pay for the losses. If FHA gave PMI insurance on those loans how did they not look over the applications ans see the problems in the first place. I am suprised how easy it was for so many people to get a loan without any ID or proff of income. The sub prime mess was the banks own fault they sold mortages and took comissions. Now they want everyone else to pay for the losses. If FHA gave PMI insurance on those loans how did they not look over the applications ans see the problems in the first place.

]]> By: Chris http://www.shankrila.com/money-matters/mortgages-pmi-sub-prime-loans/#comment-3439 Chris Wed, 09 Apr 2008 05:00:40 +0000 http://shankrila.com/2007/03/22/mortgages-pmi-sub-prime-loans/#comment-3439 K, Good post on explaining an FHA loan. You did miss one point though, every FHA loan also has Upfront Mortgage Insurance Premium (UFMIP) equal to 1.5% of the loan amount that is added to the loan amount. The UFMIP is paid at closing to FHA. Most FHA borrowers then finance the UFMIP over the life of the loan. So, the loan amount is actually 1.5% larger and your payment is calculated off that amount. K, Good post on explaining an FHA loan. You did miss one point though, every FHA loan also has Upfront Mortgage Insurance Premium (UFMIP) equal to 1.5% of the loan amount that is added to the loan amount. The UFMIP is paid at closing to FHA. Most FHA borrowers then finance the UFMIP over the life of the loan. So, the loan amount is actually 1.5% larger and your payment is calculated off that amount.

]]> By: K-IntheHouse http://www.shankrila.com/money-matters/mortgages-pmi-sub-prime-loans/#comment-16 K-IntheHouse Thu, 22 Mar 2007 18:02:28 +0000 http://shankrila.com/2007/03/22/mortgages-pmi-sub-prime-loans/#comment-16 I just read your email where you asked me about it! I guess this answers that. Let me know if you have any specific questions on it. Will be glad to help you out.. I just read your email where you asked me about it! I guess this answers that. Let me know if you have any specific questions on it. Will be glad to help you out..

]]> By: Matthew Jabs http://www.shankrila.com/money-matters/mortgages-pmi-sub-prime-loans/#comment-15 Matthew Jabs Thu, 22 Mar 2007 17:13:21 +0000 http://shankrila.com/2007/03/22/mortgages-pmi-sub-prime-loans/#comment-15 Excellent post Karthik. Thanks for more info on this subject as I'm going throu the process right now. I'm trying to secure the best option for me at the lowest cost and rate. Excellent post Karthik.

Thanks for more info on this subject as I’m going throu the process right now. I’m trying to secure the best option for me at the lowest cost and rate.

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