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  • 			    What type of home loan do you need? We're here to find the right fit for your situation.

    What type of home loan do you need? We're here to find the right fit for your situation.

  • 			    The PERFECT Home is waiting for you...Let us find the perfect loan to go with it!

    The PERFECT Home is waiting for you...Let us find the perfect loan to go with it!

  • 			    Refinacing is easy, with our help and experience, we close most loans within 30 days.

    Refinacing is easy, with our help and experience, we close most loans within 30 days.

Could Obtaining Private Mortgage Insurance (PMI) Help Me Qualify for a Larger Loan?

Yes, it will help you obtain a larger loan, here’s why. Let's say that you are a family with $42,000 Annual Gross Income and monthly revolving debts of $800 for car payment and credit cards, and you have $10,000 for your down payment and closing costs on a 7%-interest mortgage. Without PMI the maximum price you can afford is $44,600, but with PMI covering the lender's risk you now can buy a $62,300 house. PMI has afforded you 39% more house.

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