In this week’s episode of Mortgage Monday video show, Jim Cardinal and Alexis Meeks discuss the various private mortgage insurance options available to home buyers.
There are several different models available to home buyers for private mortgage insurance. The first being the traditional monthly mortgage insurance. The second method is the no private mortgage insurance options from Trustco Bank which is nice but does require larger payments down and no escrow option. The third option has private mortgage insurance financed into their loan which is similar to a FHA Loan.
See a full explanation in this video:
(if you can’t see the video click here)
Thankfully we have Jim Cardinal, Branch Manager for Syracuse Securities {visit his website to learn more} and Alexis Meeks of Karp, Ackerman, Skabowski & Hogan CPAs {Connect with Alexis on LinkedIn} to explain what is happening in the mortgage industry, how issues will impact the home buying process and what actions to take moving forward.
You can reach them by phone at:
- Jim Cardinal | (518) 281-0077
- Alexis Meeks | (518) 828-7618
We can help with homeowners insurance
If you are a first time home buyer or if you currently own a home we would love the opportunity to help you find the proper coverage at the most competitive rate for your home insurance or rental property insurance. We are dedicated to helping you make the best decisions regarding your insurance and providing our community are resources like Mortgage Mondays are part of that dedication.
If you would like to receive a quote give us a call at (518) 456-6688 or click here to begin the process by email.
Thank you,
Ryan Hanley, CIC
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