Cory Thompson

Mid America Mortgage, Inc.

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Cory Thompson April 25, 2023

How Do I Get Rid of PMI?

PMI (Private Mortgage Insurance) is a type of insurance that lenders may require borrowers to pay if they have a down payment of less than 20% of the home’s purchase price. The purpose of PMI is to protect the lender in case the borrower defaults on the loan. However, once you have paid off enough of your mortgage or your home has appreciated in value, you may be able to get rid of PMI.

Filed Under: Mortgage Tagged With: Fees, Mortgage, PMI

Cory Thompson April 14, 2022

Common Fees During Refinancing

As interest rates fluctuate, you might think about refinancing your mortgage. This is the cost of taking out a new home loan to replace the one you currently have.

Filed Under: Mortgage Tagged With: Fees, Mortgage, Refinance

Cory Thompson

CONTACT INFO


Mobile 832.347.1855

Office 281.218.0505

NMLS ID 225056
Legend Home Lending

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Recent Posts

  • A Quick Look at Reverse Mortgages: The Golden Ticket to Enjoying Your Golden Years
  • Understanding Mortgage Amortizations and Why Longer Periods Can Cost More
  • What Does Contingent Mean on a House Sale
  • What’s Ahead For Mortgage Rates This Week – September 25, 2023
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17047 El Camino Real Ste 150
Houston, TX 77058

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