THEN STOP PAYING YOUR PMI (PRIVATE MORTGAGE INSURANCE)

If you put less than a 20% down payment on your purchased home loan, you are probably paying an additional $50 to $120 per month in PMI premiums to your lender that you could be using for yourself. The "Homeowners Protection Act of 1998 prescribes guidelines for mandatory termination of Private Mortgage Insurance (PMI) for a residential mortgage when the principal balance is first scheduled to reach or actually reaches 80 percent of the original value of the property securing the mortgage loan, including: (1) a mortgagor's written cancellation request; (2) automatic termination; (3) final termination; (4) no further payments; and (5) return of unearned premiums." (Reference Pub. L No. 105-216). If you are interested in having MB Servicing assist you with your PMI Release process, click here.

ADDITIONALLY, LET MB SERVICING PAY YOU FOR REFERRALS!!!!

After your order has been completed, MB Servicing will pay you $10 for each referral that references your MBS Order Number and places a full single family appraisal order with MB Servicing. Click here to sign up for MB Servicing's referral program.

BENEFITS OF RELEASING YOUR PMI.

• Reduces your monthly mortgage payment
• Use the money you are paying the lender to pay yourself to set up or add to a:
• College Fund
• Vacation Fund
• Holiday Fund
• Retirement Fund
• Receive a possible lump sum refund from your escrow account

BENEFITS OF NOT RELEASING YOUR PMI.

• ZERO

Let MB Servicing's professional staff assist you with your PMI RELEASE process.

Click Here for more information.