Video Podcast: How to Remove PMI

Posted by RE/MAX of Boulder on Friday, September 21st, 2018 at 9:26am.

 

Our very own Duane Duggan sits down with Jessica Shanahan of Premier Lending to discuss the hot topic: How to remove Private Mortgage Insurance (PMI). PMI safeguards mortgage lenders against loan defaults when home buyers put less than 20% down. PMI is rolled into a borrower's mortgage payment, but it is possible for borrowers to take steps to reduce or remove their PMI. Can PMI be removed from a property that has only been owned for a year? Does removing PMI work with an FHA loan? Is the process the same for someone who has a conventional loan? Answers to your questions in this informative video below.

 

 

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