yam@ylmortgage.com
+1 (732) 860-9055
We understand the frustration of paying Private Mortgage Insurance (PMI) on your mortgage. This additional monthly expense can significantly impact your budget. The good news is, there are ways to eliminate PMI and free up those extra funds.
Since 1999, federal regulations require lenders to automatically cancel PMI when your loan balance reaches 78% of the original purchase price (for loans originated after July 1999). However, this doesn't necessarily mean you have to wait that long. Here's a powerful alternative:
If you suspect you have reached the 20% equity threshold, here's what to do:
At Y&L Mortgage, we're committed to helping you achieve your financial goals. Our experienced loan officers can guide you through the PMI cancellation process and answer any questions you may have. Contact us today to discuss your options and free yourself from the burden of PMI!
Looking for a mortgage? We’d be delighted to discuss our range of mortgage options with you!
+1 (732) 860-9055 Apply Now.NMLS #2547862
Y&L Mortgage LLC is accepting loan applications only in the following states : New Jersey