New Lender-Paid Mortgage Insurance Options

What are the Benefits of LPMI?

  • Lender Paid Mortgage Insurance-sReduced Closing Costs
  • Lower Monthly Payments
  • Enhanced Tax Deductibility
  • Qualify for Higher Mortgage Amount

Why Do Borrowers Need to Purchase Private Mortgage Insurance (PMI)?

PMI protects the lender against any default on the loan. It is required for any loan higher than 80% Loan to Value. (If the down payment is less than 20%) of the home’s sale price.

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