A.D. CANTELMO REALTY/TONY CANTELMO
BROKER
TONY CANTELMO

A.D. Cantelmo Property Management Our Business is Property Management in Orange County California  

 

 

 

Can you get around Private Mortgage Insurance (PMI)  

 

 

 

  For many borrowers paying that monthly (PMI) Private Mortgage insurance is a burden and for many who have good credit but don’t have the 20% down payment, it is frustrating to have that extra expense every month. Is there a way to get around PMI?

 

 

 

 

 

One program that you may want to look at if you are in the position of having to pay PMI, is Lender Paid Mortgage Insurance (LPMI). In this program the Lender pays the Mortgage Insurance and the borrower has a higher interest rate. This can bring your monthly payment down. There are Pro’s and Con’s to LPMI and you need to do some research to see if it is a good program for your individual situation.

 

The Pro’s for LPMI are, as mentioned, Lower monthly payments and the extra interest paid is a Tax deduction and as of now PMI is not Tax deductible. The cons are that in the long run you may actually pay more, because LPMI is never canceled and PMI after you hit the 80% threshold you can cancel your PMI.

 

In my business of Property Management in Orange County CA. it is important for my clients to understand their options that can help them increase their profits.  

 

Here is an example

 

 

 

 

 

              A.D. Cantelmo Property Management Specializes in Property Management on Orange County Ca.

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What my clients are saying  

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

"10 out of 10 I am so Happy Since I left my old company and I joined AD Cantelmo Property Co I am stress free I live in a different state and this company watches my house and always Mr Tony Cantelmo is on top of things I really want to thank you for what you do for me and I would really Recomend this Company to any and every one Thank You again. Shawn" ------------------- "I need to trust the people I work with and I trust Tony. He stays on tops of things, communicates well, and gets things done. He not only gets things done but he gets things done the right way. Jim"

 

~ Shawn

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