Yes, it will help you obtain a larger loan, here’s why. Let's say that you are a family with $42,000 Annual Gross Income and monthly revolving debts of $800 for car payment and credit cards, and you have $10,000 for your down payment and closing costs on a 7%-interest mortgage. Without PMI the maximum price you can afford is $44,600, but with PMI covering the lender's risk you now can buy a $62,300 house. PMI has afforded you 39% more house.
We've been helping customers afford the home of their dreams for many years and we love what we do.
City Capital Funding, Inc. NMLS #127622
City Capital Funding strives to ensure that its services are accessible to people with disabilities. City Capital Funding has invested a significant amount of resources to help ensure that its website is made easier to use and more accessible for people with disabilities, with the strong belief that every person has the right to live with dignity, equality, comfort and independence.
City Capital Funding makes available the UserWay Website Accessibility Widget that is powered by a dedicated accessibility server. The software allows citycapitalfunding.com to improve its compliance with the Web Content Accessibility Guidelines (WCAG 2.1).
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City Capital Funding continues its efforts to constantly improve the accessibility of its site and services in the belief that it is our collective moral obligation to allow seamless, accessible and unhindered use also for those of us with disabilities.
Despite our efforts to make all pages and content on City Capital Funding website fully accessible, some content may not have yet been fully adapted to the strictest accessibility standards. This may be a result of not having found or identified the most appropriate technological solution.
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