pmi options: What is LPMI? Why use it? - 01/02/14 04:06 AM
 
What is LPMI?
 
     LPMI is Lender Paid Mortgage Insurance - rather thanstandard mortgage insurance which shows up in a borrowers monthly payment, with LPMI the lender pays for the mortgage insurance coverage on behalf of the borrower.  Borrowers pay the lender for this coverage through a higher interest rate adjustment or an up front fee.
 
     Now more than ever, LPMI can be a great option for home buyers because it can result in a lower monthly payment.  It can also allow a buyer to qualify for a higher purchase price than a loan with regular monthly PMI.  Since congress has not … (22 comments)

 
John Meussner, #MortgageMadeEasy Fair Oaks, CA 484-680-4852 (Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI)

John Meussner

#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Fair Oaks, CA

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Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI

Address: 23441 S Pointe Dr, Ste 110, Laguna Hills, CA, 92653

Office: (949) 247-7530

Mobile: (484) 680-4852



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