can I get a reduction in my mortgage insurance permiums

  1. profile image45
    ewigfallposted 7 years ago

    can I get a reduction in my mortgage insurance permiums

    I Have a fannie mae mortgage and pay $511/mo in insurance. I need a reduction

  2. Research Analyst profile image83
    Research Analystposted 7 years ago

    Best place to start is to ask your lender or bank, they can tell you what your options are regarding your mortgage insurance, if you find a These plans offer the choice of refundable or nonrefundable premiums. A refundable premium allows the borrower the opportunity to receive money back on any unused portion, in the event that mortgage insurance coverage is discontinued before the loan is paid in full. The cost for a nonrefundable premium is slightly less than that of a refundable premium, thereby giving the borrower a small savings. If coverage is discontinued on a loan with a nonrefundable premium, the borrower has no opportunity for a refund.

  3. profile image56
    stilbonseoposted 6 years ago

    Yes, You can reduce mortgage insurance for more help you may use an official site. There is an example :
    You may take help more help from this site..