Key To One Loan and One Low Payment
Lender Paid Mortgage Insurance(LPMI)
WHAT IS LENDER PAID MORTGAGE INSURANCE (LPMI)?
With the LPMI option, the lender pays your mortgage insurance, allowing you to avoid mortgage insurance with less than a 20% down payment. You can now enjoy a low payment without having to take out a second mortgage or home equity line of credit. This maximizes your tax-deductible interest and minimizes closing cost.
LPMI BOROWER BENEFITS
- One loan
- low closing cost
- One low monthly payment
- maximum tax deductibility
- No borrower-paid MI
- Fixed- and adjustable-rate mortgages
Programs available only to qualified borrowers. Programs subject to change without notice. Underwriting terms and conditions appl. Some restrictions may apply.