Mortgage Insurance Help

OUR Process

Lower Your Mortgage
payment in 3 Steps

Check if you qualify

Click the button below to check online or call us at (480) 409-8074 to find out if you qualify.

Our experts will review

Our team of experts will review the amount of mortgage insurance you are paying and the savings you can expect if you are eligible for removal.

We work with your mortgage servicer

We will work directly with your mortgage servicer to complete all of the requirements to remove it from your loan.

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Your mortgage payment is reduced

Our process requires little work on your end taking the headache out of the process so you can focus on other things.

Frequently Asked Questions

What is Private Mortgage Insurance?

Private Mortgage Insurance (PMI) is a monthly insurance premium that is placed on a loan when the borrower has a loan amount that is more than 80% of the home's value. Although you pay the premium, PMI doesn't provide any protections for you as the homeowner. PMI only protects the lender in the event you stop making payments.The requirement to buy PMI usually also applies to refinancing a conventional loan, when your equity is less than 20 percent of the value of your home.

Do I have to refinance to remove my mortgage insurance?

No. Give us a call and with some easy steps and questions we can help you find out if you qualify for removal and explain the process.

Do I get to keep my current rate?

Yes! Removing your mortgage insurance will have no effect on the interest rate, balance, or remaining term on your existing mortgage. If cancelled, your payment will simply decrease by not paying the PMI.

How much money can I save?

The amount of savings can be thousands over the course of the loan. It varies however based on the amount of the PMI and the time left for it to remain active.

What’s the process?

Our team of experts are trained to work with mortgage servicers to remove the PMI. Using authorization from you, we will contact them directly and complete all of the requirements.

How much does it cost for this service?

The cost of our service is based on the original home value and months you’ve had your current mortgage. We will provide you with an estimate of the savings and associated costs during the initial consultation. There is nothing due up-front. Our fee will only be due if the PMI was successfully removed from your mortgage.Your mortgage servicer may require an appraisal or similar tool to estimate the current value of your home. In these cases, Mortgage Insurance Help will cover the up-front cost of these services. Only if your mortgage insurance is cancelled are you required to reimburse us for this cost, up to a fixed amount.

Doesn't the PMI automatically fall off over time?

Yes, your PMI will generally be canceled automatically when your balance reaches 78% of the original purchase price or appraised value of your existing loan, or when you reach the midpoint of the loan’s amortization schedule. Our service will may be able to help you cancel it much quicker based on specific investor requirements.

Can I cancel the PMI myself without your service?

Yes, you can. Your mortgage company will have a process for you to cancel the PMI which can be done without our service. The benefit of working with us is that we will take the headache out of the process for a fee that is far less than the PMI you are currently paying on your loan.

What do I do if I live in a state that is not currently being covered?

We are actively working on expanding our states of coverage! Please feel free to fill out the form here to be notified when we are available in your state.

Save Thousands on Your Mortgage Without Refinancing

Lower Your Mortgage
payment in 3 Steps

Check if you qualify

Our experts will review

We work with your mortgage servicer

Your mortgage payment is reduced

Benefits of working with us

Hassle free

Save money

Open communication

No Refinancing

Frequently Asked Questions

Leave us a message

Take your first step towards reducing your mortgage

Company

Resources

Save Thousands on Your Mortgage Without Refinancing

Lower Your Mortgage payment in 3 Steps

Check if you qualify

Our experts will review

We work with your mortgage servicer

Your mortgage payment is reduced

Benefits of working with us

Hassle free

Save money

Open communication

No Refinancing

Frequently Asked Questions

Leave us a message

Take your first step towards reducing your mortgage

Company

Resources

Lower Your Mortgage
payment in 3 Steps