Private Mortgage Insurance, also known as PMI, can be applied if a loan goes over 80% of the appraised value of the home. Evergreen Lending is able to structure most loans so its customers can avoid paying this insurance. Most lenders will split the loan into two, allowing the borrower to avoid paying this costly insurance. With this scenario, the borrower will see greater tax benefits and lower monthly payments.
4255 Pheasant Ridge Drive ~ Suite 401
Blaine, Minnesota 55449
763.210.9900 or contact us toll free: 866.734.9900
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