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NO PMI Mortgage Home Loans

Posted on September 12, 2017 · Posted in Connecticut First Time Mortgage, Connecticut Home Purchase Mortgage

No PMI Mortgage Loans

 

Private Mortgage Insurance better known as PMI, is a common component to mortgages where the borrower is buying a house with less than 20% down. PMI is an add on to your mortgage payment that can increase your monthly payment from $75 to $125 per every $100,000 borrowed depending on the program.

 

Northeast Financial has several programs with no PMI that will allow a buyer to obtain a mortgage with less than 20% down and not incur the additional cost of the PMI. These are lender paid PMI programs that are designed to help the borrower with their purchase and provide benefits that work to your advantage.

 

1. No PMI gives you greater buying power which allows you to buy more house.
2. You can borrower up to 95% of the purchase price.
3. The interest rates are competitive and low.
4. We can customize the loan program to fit your needs and goals.
5. There is no need to apply for a release of your PMI when you have reached 20% in equity.

 

Northeast Financial is your Connecticut mortgage company with access to multiple programs to fit your needs.

 

Thank You,

 

walsh

Patrick Walsh
Mortgage Loan Originator/NMLS 99004
860-213-1398
Patrick@northeast-mortgage.com
210 S. Main St Middletown, CT 06457

Company NMLS#117273 

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