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Connecticut No PMI Mortgage Solutions

Private Mortgage Insurance also known as PMI, is a requirement for the majority of mortgages where the buyer is putting less than 20% down for a down-payment. PMI does not benefit the borrower but rather it provides the lender security in the loan in case of default. With PMI, your monthly payment can increase by $75 to about $125 for every $100,000 borrowed.

 

Here at Northeast Financial we have numerous products with no PMI that will allow you, the borrower, to get a mortgage even if you make a down-payment of under 20%. This is done through a Lender Paid PMI Program.  Here are some of the advantages:

 

  1. No PMI gives you greater buying power when looking for your dream home!

  2. You can borrow as much as 95% of the purchase price of the home without paying PMI.

  3. Competitive Interest Rates!

  4. Loan Programs customizable to fit your needs!

  5. Requesting for cancellation of PMI when you reach 20% equity not needed!

 

Northeast Financial is here for you and your best interest! Call now to inquire about our Lender Paid PMI program!

 

Thank You,

 

Ram
Ramazan Sinani
Mortgage Loan Originator
Northeast Financial
NMLS: 1590862  Company NMLS: 117273
Cell: 203-695-6858   Fax: 203-413-6240
ramazan@northeast-mortgage.com