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?
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.
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.
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.