Flagstar just published a couple movies (basically PowerPoint presentations) concerning the increased viability of choosing loans with PMI over doing 1st & 2nd combo loans. The market has evolved, MI rates are more competitive than ever, an recent tax code changes means most MI is now deductible. The movies are a bit self serving, as anyone would expect. But they bring up several good points. For some borrowers, this will be the best option, it’s time to take another look at private mortgage insurance.
Mortgage Industry Professionals. Like what you see?
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