LPMI Lender Paid Mortgage Insurance

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Mortgage Insurance is often required when the amount of money you borrow exceeds 80% of the value of your home.

Mortgage insurance premiums can now be tax deductible, starting with the 2007 tax year, so consult an accountant and your loan officer to find out if LPMI is the right way to go. By having the lender pay these premiums, you may give up the tax deduction.

Until very recently, the only way to borrow more than 80% of the value of your home was to pay an extra mortgage insurance premium each month on top of your regular mortgage payment, or to arrange for a "combo loan", commonly called an "80/20"

Lender Paid Mortgage Insurance allows the lender to pay any applicable mortgage insurance premium directly, which means all you need to pay is your one mortgage payment, instead of one mortgage and one insurance payment or two separate mortgage payments.

In order to obtain LPMI, Lender Paid Mortgage Insurance, instead of traditional Private Mortgage Insurance your interest rate will be increased slightly. By paying a little higher interest rate and no mortgage insurance, you will save money from your monthly mortgage payment as opposed to if you were to obtain a loan that had PMI added on to your payment.

In addition to the common 80/20 loan, many lenders now offer a 75/25 mortgage program, which usually has a slightly lower interest rate.

Ask your mortgage consultant to print out a comparision of Lender Paid MI, Regular MI, and 80/10-20% financing to decide which program works best for you. There is an household income limit for allowing MI to be fully tax deductible of 100k. Consult with your tax advisor as well.

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Feeling Like a Square Peg in a Round Hole? Super Jumbo mortgage lending is a highly specialized field, requiring a level of expertise gained only through the experience of handling a large number of multi-million dollar transactions.  If you're tired of lenders trying to "fit" your unique financial needs into their conventional lending comfort zone, consider becoming a Private Client of R1.

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Interest Only & Pay Option from $650K to $40 Million

Feeling Like a Square Peg in a Round Hole? Super Jumbo mortgage lending is a highly specialized field, requiring a level of expertise gained only through the experience of handling a large number of multi-million dollar transactions.  If you're tired of lenders trying to "fit" your unique financial needs into their conventional lending comfort zone, consider becoming a Private Client of R1.

Get More Information from the Super Jumbo Experts. Call (800)290-4770 or Fax (800)517-7095

Where is Your Home?	Start Here Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington, DC Washington State West Virginia Wisconsin Wyoming		How Much is it Worth?	Below $650,000.00 $650,000.00 $700,000.00 $750,000.00 $800,000.00 $850,000.00 $900,000.00 $950,000.00 It's OK to Estimate $1.00 Million $1.10 Million $1.20 Million $1.30 Million $1.40 Million $1.50 Million $1.60 Million $1.70 Million $1.80 Million $1.90 Million $2.00 Million $2.25 Million $2.50 Million $2.75 Million $3.00 Million $3.50 Million $4.00 Million $4.50 Million $5.00 Million $6.00 Million $7.00 Million $8.00 Million $9.00 Million $10.00 Million $12.50 Million $15.00 Million $17.50 Million $20.00 Million $25.00 Million $30.00 Million $35.00 Million $40.00 Million or More
How Can We Help You?	Take Cash Out Improve Cash Flow Fix Interest Rate Consolidate Debt Purchase a Home Construction Loan Non-USA National		Desired Loan Amount	Below $650,000.00 $650,000.00 $700,000.00 $750,000.00 $800,000.00 $850,000.00 $900,000.00 $950,000.00 It's OK to Estimate $1.00 Million $1.10 Million $1.20 Million $1.30 Million $1.40 Million $1.50 Million $1.60 Million $1.70 Million $1.80 Million $1.90 Million $2.00 Million $2.25 Million $2.50 Million $2.75 Million $3.00 Million $3.50 Million $4.00 Million $4.50 Million $5.00 Million $6.00 Million $7.00 Million $8.00 Million $9.00 Million $10.00 Million $12.50 Million $15.00 Million $17.50 Million $20.00 Million $25.00 Million $30.00 Million $35.00 Million $40.00 Million or More
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