Home > Blogs > Stephen C. Olczak > Stephen C. Olczak's (solczak) Blog

PMI vs. LPMI

By Stephen C. Olczak

Mortgage and Lending with Mortgage Help

July 27, 2007 07:26 AM

So far I have determined that LPMI is the better bet for borrowers. This conclusion is based on several conditions: The loan is a negative am loan, interest only, will not be in place long enough for principal payments to reduce the principal to 78% LTV, or in an economic environment of declining property values.

What do you think?

Comments(4)

Comment

Show All Comments

Sort:

Leo Namiot - LeoLends.com

Canopy Mortgage - Leo Namiot - Saint Augustine, FL

More than just great rates

I think Neg Am loans should be banned...... But on the case of LPMI VS MI it all depaends on the buyers long term goals, the after tax deduction payment is usually pretty good but it's Life Long on the loan when you do LPMI.

Jul 27, 2007 08:05 AM

Scott Slocum

Florida Future Realty Inc. - Cape Coral, FL

Scott Slocum & Associates 239-222-4800, Cape Coral

Hey Steve... great to see you up and blogging !!! If you keep blogging and gaining points you'll see be one of the top loan officers on active rain in Lee County... keep on going...

Jul 27, 2007 01:20 PM

Stephen C. Olczak

Mortgage Help - Fort Myers, FL

Thanks, I am learning that to get the most out of this...keep updating and keep the dialog going!

Aug 06, 2007 03:53 AM

Anonymous

amy

PMI INSURANCE:

Where/WHO should provide the insurance amount paid to the lender at the time of default?

The insurance amount(?) payout should be deducted from the default amount owed by the borrower is it?

Jul 31, 2010 04:16 AM