What is PMI? Private Mortgage Insurance explained.

What is PMI? Private Mortgage Insurance explained How to Cancel PMI on a FHA Mortgage Loan

What is PMI? Private Mortgage Insurance explained. video duration 7 Minute(s) , published by Nick Rastopchin, St George Realtor on 08 11 2018 - 18:33:12.

StGeorge #SouthernUtah #Realestate #StGeorgeRealtor #SouthernUtahRealEstate #nickrastopchin #PMI #MortgageInsurance #Lender #MI What is PMI

Remember to "LIKE" this video & SUBSCRIBE! New videos EVERY Week! Program Info: rpm-mtg.com/jallen FHA Loan Info: Private mortgage insurance (PMI) is insurance coverage that homeowners are required to have if they're putting down less than 20% of the home's cost FHA mortgages now require lifetime mortgage insurance
What options are there to get rid of the PMI to lower your mortgage payment?

#StGeorge #SouthernUtah #Realestate #StGeorgeRealtor #SouthernUtahRealEstate #nickrastopchin #PMI #MortgageInsurance #Lender #MI

What is PMI - Private mortgage insurance or MI - Mortgage Insurance?

These abbreviations are often dreaded combinations of letters for home buyers and borrowers that currently see these combinations of letters on their mortgage statements every month.

In this video, Scott and I talk about different types of mortgage insurance, the reasons why lenders charge PMI and history of MI.

Watch the video find out how you could possibly save $200-400 on your mortgage payments every month if you are currently paying mortgage insurance.

We will provide you with a formula that lenders use to calculate LTV - loan to value.

If you are curious about the current market value of your home and would like to calculate your LTV please get in touch with me for a complimentary Comparable Market Analysis. It will give you the missing figures to calculate LTV of your property.

As a part of our commitment to delivering only quality real estate content, we refuse to shoot these videos in our office so this video also brings you the most beautiful views in Southern Utah. This entire video was shot at Sand Hollow State Park in Hurricane, UT

If you are curious about the process of removing private mortgage insurance and would like to hear my story ( I successfully removed PMI from our home mortgage in May of 2018) please drop me a comment below and I will consider recording a video to share my experience based on demand.

Looking to find out the value of your home? Follow the link below:

https://www.housesinstgeorge.com/fine/real/estate/marketeval

Browse Current St George MLS Listings Here:
https://www.housesinstgeorge.com/fine/real/estate/newsearch/lndgname/STG/Saint-George-Homes

Let’s connect on social media:

Nick Rastopchin, REALTOR

Instagram: http://www.instagram.com/rastopchin
Linked In:https://www.linkedin.com/in/nickolay-rastopchin-6a7bba28/

My website: www.southernutah.realestate

Phone number: 435-319-0989
Email: rastopchin@gmail.com