‘MI Buster’ just got better. Drop Mortgage Insurance at 90% LTV, not 80%! In our opinion, this is huge.
What’s going on:
“New program (appropriately called the ‘MI Buster’) that launched a month ago was only for purchases, but just announced today, it can now be used for REFINANCES as well!
No mortgage insurance means your total monthly payment could be significantly lower WITHOUT having 20% equity!! Purchasing power goes up, payments go down, and buyers with smaller down payments may be able to get approved easier.”
Who is this for:
Sick of paying mortgage insurance? Trying to get pre-qualified for a bigger home? This new program could help you save a lot of money, buy a bigger place or both! Let’s chat and see if this new opportunity helps you out.
If you are looking to purchase a home or want to refinance before rates go up and only have about 10% in equity, then this is a SWEET deal.
