Lender Paid Mortgage Insurance

LPMI:

Most of the time you need to have 20% in equity or a 20% down payment to avoid paying mortgage insurance, which is just an insurance policy that protects the lender if you default.

With LPMI, short for Lender Paid Mortgage Insurance, you can avoid paying this insurance and reduce your monthly payment, which allows some borrowers to qualify for more home, or just keep a little extra in their pocket.

Call us today to discuss this option and others. Our professional loan advisors will always provide accurate information and explain all of your options.