PMI Elimination Program
IF you are looking to eliminate your monthly mortgage insurance payment?
Then The Mortgage Outlet has the answer for you with our PMI elimination program!
- Will you be putting les then 20% down?
- Is the equity in your home low enough to require you to pay PMI when you refinance?
- Are you planning to stay in your home for more than 15 years or less?
- IF you could would you want to eliminate your monthly PMI payment?
If you answered yes to any of these questions then The Mortgage Outlet’s PMI Elimination Program – or our lender paid mortgage insurance – might be right for you.
Find out how eliminating your monthly PMI will benefit you for years to come.
PMI Elimination Program Gives You More Options and Flexibility
Potential Buying Power
YOU can afford a more expensive home even if you have not saved up 20% for a down payment.
YOU can get into your dream home now by putting down less and not worry about any PMI payment.
More cash on hand
Of you put 20% down on a $ 400,000 home purchase that would be $ 80,000. If you put as little as 3% down that is $ 12,000. BY putting less down you could save as much as $ 68,000 for home upgrades, repairs, renovations, furniture – your possibilities are endless.
Savings
Money paid as mortgage interest can be claimed on your tax returns but money paid into monthly PMI cannot.
Simplicity
PMI Elimination will simplify the process as you will not need to worry about any monthly PMI payment.
If you are ready to speak to one of the loan originating experts at The Mortgage Outlet you can complete our simple online pre-qualification or call us at 631 589 3600
If you are unable to put 20% down on the home you are looking to buy or have less than 20% equity in your present home, We have a the solution buy using our PMI elimination Program.
Here is how the PMI Elimination program works.
- Get a slightly high rate and you will never have a monthly PMI payment
- Buy out the PMI upfront by using seller concession to get a lower rate
- PMI Elimination is available on most of our fixed rate conventional mortgages
Call the Loan Origination Experts at The Mortgage Outlet now at 631 589 3600 to take advantage of this great program
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