Lenders charge homeowners with PMI if the mortgage balance exceeds 80% of the appraised value of the property. PMI payments are not tax-deductible and costs are typically high. Rates vary according to the length and type of loan and the LTV.
Using this list, you can target homeowners who are eligible for removal of the PMI and may be interested in a HELOC.
Additionally, you can target borrowers currently with PMI to a Lender-Paid Mortgage Insurance (LPMI) program which provides significant advantages over the more traditional PMI.
Here's a sample of the type of data that you will receive from this list:
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