What is PMI? Is PMI good? Does PMI go away? FHA PMI | How much is PMI?
What is PMI? Do I need mortgage insurance? What is MIP? Is there Cheap mortgage insurance? A PMI calculator link is in the body of this text. MIP vs. PMI. How to get rid of PMI. Whats the PMI definition? How does PMI work?
I have a few tools that rookie loan officers don't know to help you avoid PMI. Sometimes it can be done, sometimes it can't. It all depends on your individual circumstance. You can apply for a mortgage with this FHA mortgage application online at http://www.FireYourLandlord.info and click on the apply for a loan button. Chris will help you with the whole loan process.
Here is a PMI calculator. https://www.mgic.com/ratefinder-rates/quickQuoteDataEntry.htm There are items that you should to know to fill the form out and get an instant quote. Most people know the answers with one exception. FICO score. No, it's not the credit karma score or any of the consumer scores that people get over their phone. It's an actual credit score for a mortgage.
If you do not know your Fico score any quotes will not be accurate. If you need a true FICO score, I would be happy to run it for you. Simply go to http://www.FireYourLandlord.info click the apply now button and fill out the application. I will run your score and call you to discuss the score etc.
Did you know that avoiding PMI on a conventional loan can be as simple as a one time PMI insurance payout? Depending on the credit score you can utilize this option as a tool, but the cost can be expensive. The higher the credit score and the higher percentage of a down payment, the lower the cost. As an example, s 780 credit score with 10% down payment might only cost a couple of thousand dollars for a fill buyout meaning no monthly PMI payments. A low credit score with 3 or 5% down payment might cost $15,000 or more based on the loan amount. So mortgage insurance explained properly utilizing all of the mortgage options for private mortgage insurance is best calculated by a loan officer with extensive experience. The wrong choice can cost you thousands of dollars.
Even FHA has a few options on MIP (with FHA it's called Mortgage Insurance Premium instead of Private Mortgage Insurance) While you can not buy out the MIP with a lump payment, a larger down payment is the difference between MIP that will eventually go away and MIP that will last forever.
The number of years for a loan (15 years vs. 30 years) will also determine the MIP rate.
Call me for FHA PMI removal and how to get rid of PMI insurance. Whether its FHA MIP or Mortgage insurance or PMI insurance or Private Mortgage Insurance, they are all basically the same. There are a couple of types of mortgage insurance premiums that can offer choices that can really save a home buyer plenty of money if used correctly. Chris can teach a few tricks on how to avoid PMI as well as how to get rid of PMI through a refinance even if you have less than 20% equity. FHA PMI removal can be removed in certain instances and learning how does PMI work, can also help for future planning and PMI elimination. Ask Chris about avoiding PMI! There are often tricks that Chris uses through the whole loan process - especially if you have a high credit score that he might be able to remove PMI insurance.
There are few mortgage calculators with PMI, but call Chris and we'll calculate it for you. Learn about simple mortgage insurance, cheap mortgage insurance, and easy mortgage insurance
#PMI #mortgageinsurance #fireyourlandlord
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Like | Share | Comment and Subscribe
Go To http://www.FireYourLandlord.info to learn more and for more videos
It only takes 5-10 mins to get your process started.
Find Chris on social media
facebook - https://www.facebook.com/iwantyoutofireyourlandlord
Instagram - http://www.instagram.com/christhemortgagepro
Want to buy a home in Rancho Cucamonga, Inland Empire, San Bernardino, Riverside, LA County and Orange County? Know that you’re getting the best deal and not making the rookie mistakes when it comes to buying a home. Call the pro.
Chris Trapani "The Mortgage Pro"
NMLS# 240870
Cell: 310-350-2546
Commerce Home Mortgage
8311 Haven Ave, Suite 210
Rancho Cucamonga, CA 91730
I have a few tools that rookie loan officers don't know to help you avoid PMI. Sometimes it can be done, sometimes it can't. It all depends on your individual circumstance. You can apply for a mortgage with this FHA mortgage application online at http://www.FireYourLandlord.info and click on the apply for a loan button. Chris will help you with the whole loan process.
Here is a PMI calculator. https://www.mgic.com/ratefinder-rates/quickQuoteDataEntry.htm There are items that you should to know to fill the form out and get an instant quote. Most people know the answers with one exception. FICO score. No, it's not the credit karma score or any of the consumer scores that people get over their phone. It's an actual credit score for a mortgage.
If you do not know your Fico score any quotes will not be accurate. If you need a true FICO score, I would be happy to run it for you. Simply go to http://www.FireYourLandlord.info click the apply now button and fill out the application. I will run your score and call you to discuss the score etc.
Did you know that avoiding PMI on a conventional loan can be as simple as a one time PMI insurance payout? Depending on the credit score you can utilize this option as a tool, but the cost can be expensive. The higher the credit score and the higher percentage of a down payment, the lower the cost. As an example, s 780 credit score with 10% down payment might only cost a couple of thousand dollars for a fill buyout meaning no monthly PMI payments. A low credit score with 3 or 5% down payment might cost $15,000 or more based on the loan amount. So mortgage insurance explained properly utilizing all of the mortgage options for private mortgage insurance is best calculated by a loan officer with extensive experience. The wrong choice can cost you thousands of dollars.
Even FHA has a few options on MIP (with FHA it's called Mortgage Insurance Premium instead of Private Mortgage Insurance) While you can not buy out the MIP with a lump payment, a larger down payment is the difference between MIP that will eventually go away and MIP that will last forever.
The number of years for a loan (15 years vs. 30 years) will also determine the MIP rate.
Call me for FHA PMI removal and how to get rid of PMI insurance. Whether its FHA MIP or Mortgage insurance or PMI insurance or Private Mortgage Insurance, they are all basically the same. There are a couple of types of mortgage insurance premiums that can offer choices that can really save a home buyer plenty of money if used correctly. Chris can teach a few tricks on how to avoid PMI as well as how to get rid of PMI through a refinance even if you have less than 20% equity. FHA PMI removal can be removed in certain instances and learning how does PMI work, can also help for future planning and PMI elimination. Ask Chris about avoiding PMI! There are often tricks that Chris uses through the whole loan process - especially if you have a high credit score that he might be able to remove PMI insurance.
There are few mortgage calculators with PMI, but call Chris and we'll calculate it for you. Learn about simple mortgage insurance, cheap mortgage insurance, and easy mortgage insurance
#PMI #mortgageinsurance #fireyourlandlord
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Like | Share | Comment and Subscribe
Go To http://www.FireYourLandlord.info to learn more and for more videos
It only takes 5-10 mins to get your process started.
Find Chris on social media
facebook - https://www.facebook.com/iwantyoutofireyourlandlord
Instagram - http://www.instagram.com/christhemortgagepro
Want to buy a home in Rancho Cucamonga, Inland Empire, San Bernardino, Riverside, LA County and Orange County? Know that you’re getting the best deal and not making the rookie mistakes when it comes to buying a home. Call the pro.
Chris Trapani "The Mortgage Pro"
NMLS# 240870
Cell: 310-350-2546
Commerce Home Mortgage
8311 Haven Ave, Suite 210
Rancho Cucamonga, CA 91730
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