Private Mortgage Insurance, Getting rid of it… - Posted by Christian Beebe
Posted by Christian Beebe on October 29, 2003 at 08:26:14:
Here’s the deal,
I have a homeowner who has a 30 year mort at 8% and pays PMI on top of that, so their payments are $800 a month, with a total mortgage of $71,000.
I have people very interested in lease/optioning the home, that I want to put in, but that payment is not possible for that size home, etc.
What can the homeowner do to get rid of that PMI, can they refinance? If they do refinance, will their payments be lower, and remember I will have the home sold within two years no problem.
Christian “The Solutions Kid” Beebe