mortgage loan changes: Mortgage Date Looming for PMI - 02/23/13 06:14 AM
Mortgage Date Looming for PMI to stay attached for the life of your home loan!
Many home buyers are unaware of the importance of having their mortgage loan locked with a purchase agreement before the End of March!
Little shifts in mortgage lending rules have been happening and PMI or better known as Mortgage Insurance is just another change.
Mortgage Insurance used to drop off after reaching the magic number of 30% equity.  The 10 year mortgage rule of having your loan approximately 10 years was another magic date for PMI.
This is changing, you will pay your mortgage insurance for … (2 comments)

 
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375, Real Estate Services You can Trust! (Flexit Realty "Flexible Home Selling Solutions")

Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375

Real Estate Services You can Trust!

Grand Rapids, MI

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Grand Rapids Real Estate & West Michigan real estate markets, trends and issues discussed. Technical and personal thoughts pertaining to buying and selling real estate. How-to information, view 1000's of active listings. Go to our website for over 30 Free Reports that could save you thousands. For immediate service... Call: 616-784-2360 or Email: GaryWhite@FlexitRealty.com Flexit Realty® offers "Flexible Real Estate Home Selling Options"


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