Viewing posts from February, 2014

Mortgage Insurance Explained

February 22, 2014

For many homebuyers, the biggest hurdle to owning a home is the down payment.  Private mortgage insurance, or private MI, can allow you to purchase ...

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The All in One

February 22, 2014

At CMG Financial, we are proud to offer our clients the All In One Loan.  Unlike a traditional mortgage, the All In One is a ...

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What is Asset Depletion?

February 22, 2014

Asset depletion is a method for calculating monthly income by dividing a borrower’s total assets by a set number of months.  The borrower is ...

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VA Loans and the VA Funding Fee

February 20, 2014

VA loans can be a great option for eligible service members, reservists and veterans.  A few features that make VA loans attractive are: 

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What Are Reserves?

February 18, 2014

When you apply for a home loan, we will ask you to provide documentation that verifies both your income and assets.  As your lender, we ...

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Should I Pay Points?

February 16, 2014

Points, also known as “discount points,” are fees paid at closing in exchange for a reduced interest rate.  Paying points to buy down your rate ...

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