I just closed on my condo and found out at the closing table that my PMI is $149/mo. My LTV is 90% with a loan value of $184,000. My original estimate was around $100/mo for PMI, can I find my own PMI provider or am I stuck with the one I have now?
2007-06-06 09:17:12 · 3 answers · asked by fastcarceo25 3 in Business & Finance ➔ Renting & Real Estate
You need to check the terms of the loan agreement which you signed. Some lenders require that you use their PMI provider, and others will accept one of your choice, subject to their approval.
2007-06-06 09:22:56 · answer #1 · answered by acermill 7 · 0⤊ 0⤋
Lenders contract with the MI Companies and the differences in their pricing is minimal.
Cheer up, as of this year PMI is tax deductible!
2007-06-06 16:49:15 · answer #2 · answered by mazziatplay 5 · 0⤊ 0⤋
check out this website: www.mgic.com
there are MI experts
2007-06-06 16:24:54 · answer #3 · answered by Anonymous · 0⤊ 0⤋