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Interesting note from LO - DTI and PMI for Conventional

road2freedom

By road2freedom,
in Mortgages

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road2freedom

road2freedom

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I know we've discussed DTI quite a bit, the norms and the exceptions, but I'm not sure if this was discussed previously... The LO mentioned that DTI could exceed 45% but that <=45% was required in order for them to obtain PMI on the loan. This was for conventional with <20% down, obviously.

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