No Favorite Homes

Hello {{firstName}} {{lastName}}

KB Home
{{home.ownername}}
{{home.designproductname}}
Square Footage
{{home.productsize}} sqft
Beds/Baths
{{home.noofbedrooms}}/{{home.noofbathrooms}}
Price
{{home.displaypricestring}}

REMOVE

{{hnl.buildername}}
{{hnl.designproductname}}
Square Footage
{{hnl.lotsize.toLocaleString()}} sqft
Beds/Baths
{{hnl.noofbedrooms}}/{{hnl.noofbathrooms}}
Price
${{hnl.productprice.toLocaleString()}}
Exterior
{{hnl.facadeproductname}}
Homesite
{{hnl.address.street1}}

Keep track of your favorites and share your homes by signing into your new portfolio. If you don’t have a portfolio, it just takes a couple minutes to create one. And it’s free.

*The code you have entered is incorrect. Please verify that you have entered the correct code.

Please fill out the form below to have a new password sent to your email.

We've sent a 6-digit verification code to your email {{ enquiryForm.contactEmail }}. Simply enter the code below to gain access.

Any changes you've made will be lost if you discontinue now.

We're glad you're here. Now you can save and share your favorite homes.

Mortgage Director. All functions that are required in one single Lending Environment. Mortgage insurance premium plans

May 23, 2021

Mortgage Director. All functions that are required in one single Lending Environment. Mortgage insurance premium plans

Borrower-paid Single Premiums can be purchased in both refundable and nonrefundable options. Advantages include:

  • Lower payment that is monthly The absence of a month-to-month MI payment frequently provides less payment per month than Monthly or Split Premiums afford
  • Flexibility – The borrowers, vendor, builder or other party that is third spend the premium at closing. Loan providers can offer a lender credit to pay for the cost of the premium. The borrowers can prefer to fund the premium to the loan quantity. (While base LTV can be used to ascertain MI protection demands, funding the premium in to the loan quantity may boost the total LTV/CLTV. Always Check investor tips.)
  • Cancellable – Borrowers can request termination centered on investor needs or beneath the Homeowners Protection Act of 1998 (HPA); loan providers must immediately cancel under HPA terms. Get the full story
  • Refundable – Borrowers who choose refundable single premiums may get a reimbursement if they cancel MI in the very very first five years of coverage. Also people who find the option that is nonrefundable qualify for a reimbursement should they or their loan provider cancel MI under the HPA
  • Whom should consider borrower-paid Single Premiums?

    Borrowers who would like to:

  • Minimize their payment that is monthly if this means spending more at closing or increasing their debt by funding the premium to the loan amount
  • Have the seller or builder to pay for the premium – especially in a buyer’s market
  • Be eligible for MI cancellation sooner by making extra re payments that reduce steadily the mortgage balance prior to the initial amortization routine or home improvements that end up in a rise in the appraised value
  • Borrower-Paid Mortgage Insurance Separate Premiums

    Borrower-paid Split Premiums give your borrowers the possibility of spending the main MI premium in advance, so that you can decrease the MI that is monthly premium with their mortgage repayment, much like FHA loans. Benefits consist of:

  • Multiple upfront options – We offer 6 various upfront options to allow you to custom-fit the proper selection for your debtor – unlike FHA’s upfront premium, where one size fits all
  • Flexibility – The borrowers, vendor, builder or any other 3rd party can spend the premium at closing. Lenders can offer a loan provider credit to pay for the cost of the premium. The borrowers can choose to fund the premium into the loan quantity. (While base LTV can be used to ascertain MI coverage needs, funding the premium to the loan amount may raise the total LTV/CLTV. Always Check investor recommendations.)
  • Monthly part is cancellable – Borrowers can request termination regarding the month-to-month percentage of the split premium according to investor demands or underneath the Homeowners Protection Act of 1998 (HPA); lenders must immediately cancel under HPA terms. Find out more
  • Whom should consider borrower-paid Split Premiums?

    Borrowers who would like to:

  • Reduced their monthly home loan re re payment
  • Have the vendor or builder to pay for the upfront portion – especially in a seller’s market
  • Be eligible for MI cancellation sooner by making additional re re payments that reduce steadily the home loan balance prior to the initial amortization routine or home improvements that end up in a rise in the value that is appraised
  • Lender-Paid Mortgage Insurance (LPMI) Solitary Premiums

    The financial institution will pay the LPMI Single same day loans Maryland Premium during the time of insurance coverage activation. Loan providers often either increase the attention charge or rate borrowers an origination charge to pay for the fee. Coverage remains set up for the life of the mortgage and can’t be terminated by the debtor. Advantages consist of:

  • Reduced payment that is monthly The absence of the month-to-month MI re re payment usually provides a diminished payment per month than Monthly or Split Premiums afford
  • Simplicity – since the debtor pays no premium that is upfront no payment per month, it is simple to reveal to the homebuyer
  • Marketing possibility – Many lenders market LPMI Singles as a “No MI” program or promote they’re ready to spend the MI for borrowers
  • Who must look into lender-paid Single Premiums?

    Borrowers who wish to:

  • Minimize their monthly re re payment into the term that is short whether or not it indicates forfeiting MI termination additionally the opportunity to reduce their payment per month as time goes on
  • Have the builder or seller to cover origination fees – specially in a buyer’s market
  • Close Bitnami banner
    Bitnami