What Is a PMI Saver Home Refinance Loan?
When you refinance to a conventional mortgage loan, you can expect to pay private mortgage insurance (PMI) if you can't meet the minimum 20% down payment. Designed to protect your lender, this insurance coverage can quickly add up depending on how much you borrow and other factors like your credit score.
At Mortgage Center, we have a solution. Our PMI Saver refinance can help you save on this extra cost.
Benefits of a PMI Saver Home Refinance
A PMI Saver home refinance loan can make it easier for you to reach your financial goals. With this loan, you'll be able to:
- Avoid PMI costs: For as little as 10% down, we can help you avoid the extra cost of PMI. When you take out this loan, we'll cover your mortgage insurance.
- Take advantage of low rates and fees: When you don't have to worry about saving and paying for a 20% down payment, you'll be able to secure your future home sooner.
Who Qualifies for a PMI Saver Home Refinance Loan?
Our PMI Saver home refinance can help make refinancing your home easier than ever. While there are fewer requirements, we'll still take into consideration a few different factors to determine your eligibility. These include:
- Your credit score.
- The loan amount.
- Down payment.
Why Choose Mortgage Center?
When you choose Mortgage Center, you'll be working with a team of more than 100 mortgage experts who are committed to your success. We've been in business since 1990, helping borrowers access exclusive loan products and lower rates.
When we collaborate with you, we'll make sure to handle your specific needs. If you're approved for a PMI Saver refinance, we'll service it for the entire life of the loan.
Want to learn more about our PMI Saver home refinance rates? We've made it quick and easy for you to get started. With our online application, you can submit all your documents from home and even receive updates on the status.
Prefer to get your application started by phone? Give us a call at 800-353-4449 today.