Monthly PMI Payment: Mortgage Service Name: Approximate Mortgage Balance: Estimated Property Value: Source of Valuation: Property Address: Zipcode: Credit History: Year of Home Purchase: First Name: Last Name: Telephone Number: Email: Credit History:
If everything appears correct, click "FINISH" below. If not, click "Cancel" to change your information.
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Let ErasePMI Save You Money
When a borrower makes a down payment of less than 20 percent, the lender requires the borrower to buy private mortgage insurance, or PMI. This protects the lender from losing money if the borrower ends up in foreclosure.
Home buyers who put down less than 20% when they bought their home most likely pay for mortgage insurance (PMI for conventional loans; MIP for FHA loans). But with proper planning and some patience, you can dump your PMI payment and lower your housing payment. Mortgage insurance protects your lender if you stop paying your […]
https://www.erasepmi.com/wp-content/uploads/2018/03/time.jpg8001200Editorhttps://www.erasepmi.com/wp-content/uploads/2018/02/400.pngEditor2017-02-03 21:10:372018-03-22 22:13:54Homeowners You Have Rights! Stop Giving Your Money to PMI Companies
If you have PMI (private mortgage insurance), you likely anticipate the day when you no longer have to make that monthly payment on top of your mortgage and tax payments. The good news is you can make that day get here faster if you follow some of our tips below. PMI – What’s It For? […]
https://www.erasepmi.com/wp-content/uploads/2018/03/erasepmi.jpg8001200Editorhttps://www.erasepmi.com/wp-content/uploads/2018/02/400.pngEditor2017-01-19 21:05:002018-03-22 22:15:37Everything You Need to Remove PMI from Your Mortgage
Eliminate your PMI & Reduce Your Mortgage
Your lender must automatically cancel PMI when your outstanding loan balance drops to 78 percent of the home’s original value. This probably will take several years.
You can speed up the cancellation of mortgage insurance by keeping track of your payments. Once the loan balance reaches 80 percent of the home’s original value, you may ask the lender to discontinue the mortgage insurance premiums.