|
|
RELEASE YOUR PMI (PRIVATE MORTGAGE INSURANCE) NOW!!!
|
 |
PMI is required by your lender if you put less than a 20% down payment when you purchased your home. PMI covers against a loss by a lender in the event a foreclosure sale is initiated against the borrower. The PMI premium is paid by the homeowner and is included in the mortgage payment. If your home loan is three years or older, chances are you are needlessly paying this premium, click here for additional information. MB Servicing, Inc. will assist you with your PMI release process. |
|
HOW MUCH IS PMI COSTING ME?
|
| Sample Estimates: |
|
|
|
| Purchase Price |
75,000 |
100,000 |
$150,000 |
| Down Payment |
3,700 |
5,000 |
7,500 |
| Mortgage
Amount |
71,250 |
95,000 |
142,500 |
| PMI Monthly Payment |
$59 |
$79 |
$119 |
| PMI Annual Cost |
$712 |
$950 |
$1,425 |
|
|
WHAT WILL IT COST ME TO RELEASE MY PMI?
|
| Unlike some of MB Servicing's PMI removal competitors who charge up to $300 service fee in addition to the appraisal cost, MB Servicing charges ONLY the price of the appraisal. As part of their PMI release requirements, your lender will require a current appraisal of your home completed by a licensed/certified appraiser as proof that the value of your home now meets the minimum requirement of 80% LTV (loan to value) ratio. Click here to find out more about MB Servicing's PMI release process. |
Why MB Servicing?
- No service fee
- We specialize in PMI removal
- Nationwide network of appraisers
- Referral Bonus Available
|
|
OTHER REASONS YOU MIGHT NEED A HOME APPRAISAL
|
- To obtain a purchase, refinance or home equity loan
- To establish the replacement cost of homeowners insurance
- Contest high property assessments / taxes
- To settle an estate
- Information needed when negotiating a purchase or sale of Real Estate
- Involved in a law suit
- Reduce tax liability regarding estate settlements
|
|
