Where To Get PMI Approvals

by Steve Olvido from California

Regarding where to get PMI approvals: A large national bank just came out with a new conforming loan with 5 percent down but the catch is you have to find companies who will offer PMI (private mortgage insurance) on 95 percent LTV (loan to value).

***zz-c2-ad.shtml***

Are there companies who would do this for homes in the California declining market? If so, which companies? Thanks, Steve Olvido

Kate Answers: Where To Get PMI Approvals

Dear Steve, You must be a mortgage broker, right? And brokering to the large national bank for this program requires you to dig up a PMI company yourself? Write back if this is not the case.

Although I do not know specifically any specific PMI companies to recommend, how about asking "XYZ" Bank which private mortgage companies they've approved for other types of mortgage programs and start from that list.

Perhaps there are other mortgage brokers reading this with advice. Please leave a comment below if you know which PMI company is insuring 95 percent LTVs in California or other declining markets.

Take a moment to bookmark Where To Get PMI Approvals to your favorites so you can easily return. You can also invite friends to comment on this page or ask another question of their own like you did.

Best Wishes,

***zz-portrait-sig-left-no-wrap.shtml***


P.S. Check out Best Mortgage Rate Blog yourself! It's an entertaining source of mortgage information. Subscribe now to the RSS feed.

***zzz-link-pmi.shtml***

Return from Where To Get PMI Approvals to our Home Page also found at www.Get-Your-Best-Mortgage-Rate.com


Click here to add a comment.

You can also ask Kate about your mortgage at Ask Kate About Buying a House.

Recent Articles

  1. Lock Mortgage Rates - How To Avoid Hidden Fees

    Aug 06, 18 11:58 AM

    If you lock mortgage rates over the phone, how do you protect against excessive points and hidden closing costs? Learn what to do when your lock is threatened.

    Read More

  2. Finding Low Down Payment Mortgage Financing

    Aug 06, 18 11:53 AM

    Getting a low down payment mortgage: Learn the first two steps to financing niche properties in resort areas. Tip: It's not about timing the real estate market!

    Read More

  3. Ten Best Kept Secrets to Low Mortgage Payments

    Aug 06, 18 11:45 AM

    Ask Kate's secrets to low mortgage payments help homeowners understand industry lingo related to refinancing. Learn how to get your best mortgage rate!

    Read More