Refinancing and getting rid of PMI Mortgage Insurance is like putting  money in your pocket every month.

Refinance today.  Take advantage of our low interest rates, get rid of PMI, and lower your payment.

PMI Mortgage Insurance

Wave bye-bye, PMI.

When you borrow more than 80 percent of the home's sale price, you usually have to buy mortgage insurance which is called Private Mortgage Insurance or PMI. The amount you pay depends on the percentage of the home's price that you borrowed, called the loan-to-value ratio. A way to get out of paying PMI mortgage insurance is to get a "piggyback loan" -- a type of purchase loan that does away with PMI.

If you pay for PMI mortgage insurance and your mortgage is more than two years old, you might be able to get rid of the mortgage insurance payment by refinancing the loan. This will work if the home has appreciated enough in value. Generally, if your home has gone up in value by at least 20% or if you have paid down your loan by 20%, you can refinance and get rid of PMI mortgage insurance.

Call us today for more information on how to get rid of the PMI Mortgage Insurance on your loan, let your First Equity Loan Officer show you how easy it is to wave bye-bye to PMI. 

Is it time for me to refinance?

For residential mortgage loans, we can compare rates with at least four lenders for you.  Many borrowers tell us that they enjoy using our VIP Borrower Program.  It allows you to apply online and lets our VIP Team do the loan search for you.  Take the hassle out of searching for the best mortgage loan - complete one application with us and our VIP Team will do all of the work.  One person contacting you, no worry about phone calls all hours of the day and night, and the security of knowing your information is not being sent to multiple brokers around the world.

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