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· Borrowers may be eligible* if: Their mortgage is owned or guaranteed by Freddie Mac. Check Freddie Mac’s Loan Look-Up Tool if you’re unsure. Their mortgage was at least 90 days delinquent as of March 1, 2016. Their mortgage had an unpaid principal balance of $250,000 or less as of March 1, 2016.
90% of Mortgage Borrowers Prefer Person-To-Person Communication Here’s how your clients can borrow 90% of the purchase price and pay no mortgage insurance. Secure a traditional Fannie Mae, Freddie Mac or a jumbo up to 80% and take a second for 10%.
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According to the survey, while 90% of recent mortgage borrowers said that they would like to continue using person-to-person (P2P) communication with lenders in the future, only 50% of lenders thought that P2P communication would be important in the future.
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90% of Mortgage Borrowers Prefer Person-To-Person Communication 90 % of Mortgage Borrowers Prefer Person-To-Person Communication with Lenders February 2, 2018 By Mary Catchur Whenever we make a major decision, we like to personally talk to the people who are most involved.
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As lenders digitize, borrowers still want the “human touch” in the mortgage process. Lenders cite . telephone or email (42% and 35%, respectively) as the channel their customers use the most often, and. very few (13%) cite. in-person (face-to-face in branches or offices). Nearly . 40% . of lenders believe that . person-to-person (phone or in-person)
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