Category: Mortgage Insurance-PMI

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What is a “PMI Advantage”?

An agent partner of mine asked about a loan program that he heard advertised on the radio. One of our competitors (to remain nameless) is advertising a mortgage program billed as “PMI Advantage”. The advertisement states “PMI can cost you thousands. Let us pay the PMI so you don’t have to“. Who would pass up an offer like that? Heck, if an airline tells me “let us pay your baggage fee so you don’t have to”, that would be music to my ears! That is, until I discovered that the airline ticket itself will cost me substantially more. Here is the inside...