The Mortgage Insurance Eliminator Program…

Edgar DeJesus • December 15, 2021

 Just last week we got access to a new program. This program is our mortgage insurance eliminator program.


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It used to be that you needed a 20% down payment if you wanted to avoid having mortgage insurance. That’s no longer the case. The new MI Eliminator program allows you to only put 10.01% down payment and you will have no monthly mortgage insurance. 

 

Here are the benefits of this program. 

 

  • No monthly mortgage insurance 
  • Down payment is only 10.01% 
  • You can qualify for a greater loan amount and purchase price
  • The other 9.99% your not required to use for down payment you can use for home improvements
  • You can pay down your credit card debt
  • Deposit as additional monies into your retirement account
  • Use the additional monies if you have to pay over list price in order to get your offer accepted 

 

Now is the perfect time to take advantage of the Mortgage Insurance Eliminator program. 

 

As with every other program lenders give you access to, you must qualify.


If you have any specific questions regarding the home loan pre-approval process, let me know. To check out all your loan options, our services page.

 

“Here’s what to do now… download your free homebuyer ebook, click here.” 

 

My name is Edgar DeJesus. I’m the mortgage advisor and branch manager of Treasure Coast Home Loans. Call or text, (772) 444-6362, with any questions that will let me separate opinion from opportunity. 

 

Thank you for taking the time to read my latest real estate and mortgage report.


Start your pre-approval

Get Ebook

Call or text 561-223-9347 or email edgar@treasurecoasthomeloans.com to discuss your move-up plan and determine whether a bridge loan is the right fit for your situation. 


Loan approval is not guaranteed and is subject to lender review of information. All loan approvals are conditional and all conditions must be met by the borrower(s). A loan is only approved when the lender has issued approval in writing and is subject to all lender conditions. Any specified rates and terms are contingent upon loan approval and are subject to change without notice due to unpredictable market conditions. Innovative Mortgage Services, Inc. is a Florida licensed lender. Company NMLS #250769. Originator NMLS # 230414. Florida Mortgage Lender License, License/Registration #: MLD178 Florida. Mortgage Lender Servicer License, License/Registration #: MLD2167 Equal. Equal Housing Lender 


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