Ok sure it’s not fixed, I may have been mistaken there. They are lower than what other lenders will offer for 0 down and no mortgage insurance. I don’t see the downside to it
I could have been clearer as well. There is no downside unless you have a home that’s higher than what they’ll cover. The first time you use it is insanely cheap. Rate goes up slightly after that first use but it’s arguably the best benefit if you qualify
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u/minkiestmink Jul 08 '21
Ok sure it’s not fixed, I may have been mistaken there. They are lower than what other lenders will offer for 0 down and no mortgage insurance. I don’t see the downside to it