What is Private Mortgage Insurance (P.M.I.):
Private Mortgage Insurance reimburses the lender if you default on your home loan. You, the borrower, pay the premiums.
You may have heard that you need to put as much as 20% down to avoid paying PMI, this can cost you thousands upfront and throughout your loan as well as really drain your bank account.
Well, with our Zeus Mortgage PMI Prevention Program we can offer you options with as little as 3% down without PMI!
This saves you both money upfront by not having to put down a large payment and allows you to avoid spending money each month that does go towards your loan balance!
You can also avoid a forced escrow and pay your property taxes and Home Owners Insurance on your own schedule!
So, if your buying a home to live in or as investment real estate in Texas, check out a mortgage bank program to prevent or remove P.M.I.
Log-on to www.askzeus.com for more details.