Do I need to pay PMI?

It is true, mortgage insurance, or PMI is insurance the buyer/borrower buys to protect the interest of the lender. Typically, lenders require PMI if you have less than 20% equity on a conventional loan. This is typically shown as an 80% LTV or Loan-to-Value). We now have a program that allows qualified borrowers with an LTV up to 90% to avoid PMI payments. If you are interested, reach out.Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified Mortgage Advisor and Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.Licensed in AZ, CA, GA, IL, MO, OR & WA... In fact, NEXA is licensed in all states except MA and NY so give us a call. ~ www.ApplyYes.com 480-889-9000 - OR - 480-695-9300