If you have 15% down and your goal is not to have mortgage insurance. I can provide you with financing up to 95% with No Mortgage Insurance based on your scenario above. Please give me a call at 800-310-7577 and we can discuss your options.
Joe Moore Branch Manager Mountain West Financial Direct: 714-655-0166 E-Mail: email@example.com
Yes, there are options for having No MI as it can be paid through your interest rate being offered, subject to restrictions. I am able to originate mortgages in all 50 States and would be happy to offer a Free, No Obligation review of your current financing package. Just contact me through this site and I’d be more than happy to see what we can do. Good Luck!
I am also on Lender411’s website too and Ranked # 1 throughout the United States. Good Luck.
PMI is required to be automatically removed when a borrower reaches 22% equity based on the initial sales price, with no appraisal required. Yes, there certainly are options for no pmi loans, but they involve higher interest rates that last the life of the loan, rather than a minor monthly fee that falls off. Don’t fail to examine all your options. Taking a higher interest rate to avoid a separate PMI charge may, or may not, be in your best interests!