Know Your Numbers | If You’re Going To Overbid On A Property

Published 1 month ago

Hello, I wanted to get this sample TCA on how "over bidding" on a property could be the trick to get you that property. But, you need to know your numbers and your need a expert Loan Officer who knows how to structure the financing. Example: Sales Price 740K | You want to put 20% Down | You have a 780 middle FICO and you really want to this home. Hurdle: Comps are in the range of 660k to 700K range. Problem: You think you need additional funds to close or have to deal with PMI or even have a payment that becomes to high and unaffordable. Solution: Watch the video below and I'll show you how in the worse case scenario ( overpaid by 80k ) plays out........... Hint: your payment would only go up by $86.00 and cash to close would be less!!

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National Rate Averages

Calculated from actual locked rates from consumers nationwide. Powered by .

Conv. 15-Year Fixed

2.471%

0.024

Conv. 30-Year Fixed

3.149%

0.016

FHA 30-Year Fixed

3.179%

0.018

Jumbo 30-Year Fixed

3.175%

0.006

Average interest rate values are calculated from actual locked rates with consumers across more than 30% of all mortgage transactions closed nationwide. For more information on how these indices are calculated, read more.

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Company NMLS ID # 56323 (www.nmlsconsumeraccess.org) • This is an advertisement, not a guarantee of lending. • Licensed in Virginia, Maryland,
Washington DC, Delaware, Pennsylvania, West Virginia, Tennessee, Colorado, North Carolina, South Carolina, Georgia and Florida • ICM,LLC 072020

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