A Plus Mortgage Solutions, Inc. offers mortgage programs for both first and second mortgages including first and second combination loans. A first and second combination is useful for clients who are putting less than twenty percent down on a purchase and want to avoid paying Private Mortgage Insurance (PMI). PMI is insurance that a lender requires a borrower to pay for that covers the lender in the event that the borrower defaults on the mortgage. It does NOT benefit the borrower in any way. The PMI rule only applies to conforming first mortgage programs. So, in order to avoid paying PMI, a client can take out a first mortgage up to eighty percent of the purchase price and a second mortgage up to fifteen percent of the purchase price. Thus, only putting five percent down, but still avoiding PMI because the loan to value on the first mortgage is less than or equal to eighty percent.
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Jeremy is a super knowledgeable broker who knows all the ins and outs of the mortgage process... He was able to give us the lowest rate of any of the completion- we usually shop for rates. The first home we wanted to purchase fell through but he hung in there with us and we found actually a better house and made that process very smooth and easy...So amongst the stress and trying to deal with the second house ,dragging out the process, working with Jeremy certainly helped ease the pain!
5 stars on 10/4/2021
Jeremy was great to work with to refinance our home. He explained all of our options in order for us to choose what worked best. Not pushy at all. Jeremy is knowledgeable, attentive and efficient. Would definitely recommend if you are looking to refinance but don't know where to look!
5 stars on 9/27/2021
I first went with Amerisave for a refi. Had great credit, great income and low debt but they were horrible. Gave up with them after 3 months of indecisiveness and constantly wanting more and more info every couple of days. It was great with Jeremy as we settled on the refi in less than a month!!!