Skip to content
Private Lending & Conventional Mortgage Advice

User Stats

576
Posts
511
Votes
Justin R.
  • Rental Property Investor
  • San Anselmo
511
Votes |
576
Posts

PMI Help

Justin R.
  • Rental Property Investor
  • San Anselmo
Posted Apr 29 2016, 19:08

Hello BP,

I have a friend who is in a predicament. He was in a subprime loan and foreclosed 5 years ago. He has purchased a new home for him and his family, but is currently paying 600 a month in PMI. Although he does have 80/20 LTV he has not been able to refinance due to his semi recent foreclosure. Is there any way to obtain conventional in this situation?

Thanks for your advice!

Loading replies...