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How to remove PMI Mortgage Insurance

FHA [or Conventional] Loan mortgage insurance Q & A

Can I convert my FHA loan to a Conventional Loan WITHOUT Mortgage Insurance?
 Yes. Using a QUICK-PAY My Mortgage approved lender or Broker, there are conventional loan conversions available up to 97% without mortgage insurance and in many cases, with no cost. Existing Conventional loans with mortgage insurance can also be converted.







How much will I save by converting my loan?
 The savings when converting your loan is typically around a couple hundred dollars a month when compared to your current mortgage plus mortgage insurance payment.  


What will my new interest rate be?
 It is likely that your annual percentage rate will decrease. 


What’s the first step in removing my mortgage insurance?  Complete our easy Loan App we will reach out to you within 24 hours.  

 
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