Archive for the ‘Mortgage Insurance’ Category

June 9, 2020

Did you know you can save homebuyers thousands of dollars by presenting them with a single-premium mortgage insurance option? Single-premium private mortgage insurance can save homebuyers thousands of dollars by allowing them to pay for the entirety of their PMI upfront. Most loan officers know PMI as a monthly amount that is added to the […]

June 9, 2020

Homeowners are now able to deduct what they spend on private mortgage insurance (PMI) from their taxes. As a postponed tax season approaches, borrowers will be looking to save in any way they can. See:Interest Rates at Historic Low: Why does PMI Continue to Rise? Here’s the 411: Starting in 2007, borrowers were able to […]

June 9, 2020

Private mortgage insurance rates have skyrocketed as a result of the COVID-19 pandemic. As states start to slowly reopen businesses, there’s a lot of uncertainty when it comes to the economy, especially real estate. While mortgage interest rates are historically low, mortgage insurance (MI) is a different story. Mortgage interest rates aren’t the only thing […]

April 1, 2020

When home-buyers put down 10% or more on their mortgages, financing single premium PMI might make sense.