If your loan amount is over $100K it would be worth while to eliminate that PMI add on even if it means a higher rate! 1. 4. Interest is ALWAYS tax deductible. Matt B. saved $188 by refinancing his monthly PMI into a PayAdvantage including it in his rate! To Matt, that means a saving of $24,000 over ten years! Corey will save $29,888 and Luke will save over $24,000 over the next ten years!
If you were fortunate enough to get an email and or letter from us, get in touch with us! Let us save you some serious dollars every month. On average the above loans would have carried PMI for another ten years! FHA will require new FHA borrowers with a loan to value ratio greater than 90% to continue paying annual for the LIFE of their mortgage ( until they sell or refinance out of FHA ).
For those with a loan to value under 90%, MIP (mortgage insurance premiums) must be paid for 11 years instead of 5. If you are currently an FHA customer, please call me at LOANS 4 HOMES so that we can make whatever changes are necessary to get you into a better situation.
If you were fortunate enough to get an email and or letter from us, get in touch with us! Let us save you some serious dollars every month. On average the above loans would have carried PMI for another ten years! FHA will require new FHA borrowers with a loan to value ratio greater than 90% to continue paying annual for the LIFE of their mortgage ( until they sell or refinance out of FHA ).
For those with a loan to value under 90%, MIP (mortgage insurance premiums) must be paid for 11 years instead of 5. If you are currently an FHA customer, please call me at LOANS 4 HOMES so that we can make whatever changes are necessary to get you into a better situation.
Services
Our team at LOANS 4 HOMES is committed to providing our clients with the highest quality financial services combined with low, competitive rates.
At LOANS 4 HOMES, our outstanding mortgage professionals will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
At LOANS 4 HOMES, we give Options.
Not only are we experts in loan origination, but at LOANS 4 HOMES we have in house experience of 31 years of appraising and 31 years experience as real estate brokers and 19 years of mortgage lending.
At LOANS 4 HOMES, our outstanding mortgage professionals will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
At LOANS 4 HOMES, we give Options.
Not only are we experts in loan origination, but at LOANS 4 HOMES we have in house experience of 31 years of appraising and 31 years experience as real estate brokers and 19 years of mortgage lending.
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