is possible to refinance at close to 100% loan to value, with current pmi, with excellent credit?

Asked by Spersiani, 63050 Mon May 21, 2012

Help the community by answering this question:

+ web reference
Web reference:

Answers

3
Dean Eshelman, Agent, Festus, MO
Tue May 22, 2012
Yes, contact a local mortgage professional. I am in your area and if you need I can give referral names and phone if you contact me.
0 votes
, ,
Tue May 22, 2012
With FHA financing you can refinance up to 97.75% LTV, and with conventional financing you can refinance up to 97% LTV. If you have a Fannie Mae or Freddie Mac owned mortgage, then you could potentially be eligible for the Making Home Affordable Refinance Program (HARP) which now allows an unlimited loan-to-value, but if you have PMI, then it is subject to your existing PMI insurer re-issuing a policy for the new mortgage (which fortunately many are doing).

Shane Milne | NMLS #81195 | Lending in all 50 states
0 votes
, ,
Mon May 21, 2012
Hi Spersiani,

Yes, it is possible. I suggest you contact a local mortgage professional to discuss your options.

Best regards,

Elva A. Wormley
C2 Financial Corporation
2845 Moorpark Avenue, Suite 209
San Jose, CA 95128
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more