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logo
  • Home
  • Home Purchase
  • Refinance
  • Resources
  • Loan Programs
  • Loan Process
  • Mortgage Basics
  • Mortgage Calculators
  • Online Forms
  • FAQ
  • About
  • Blog
  • Videos
  • Testimonials
  • Contact
  • Apply Now
  • Team Members
  • 952-544-1706

Could Obtaining Private Mortgage Insurance (PMI) Help Me Qualify for a Larger Loan?

Yes, it will help you obtain a larger loan, here’s why. Let's say that you are a family with $42,000 Annual Gross Income and monthly revolving debts of $800 for car payment and credit cards, and you have $10,000 for your down payment and closing costs on a 7%-interest mortgage. Without PMI the maximum price you can afford is $44,600, but with PMI covering the lender's risk you now can buy a $62,300 house. PMI has afforded you 39% more house.

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About Us

Expertise and mastery in providing purchase and refinance mortgages for residential property. Satori Mortgage offers wholesale pricing which, provides a lower overall total cost than bank or retail offerings. Additionally, our product portfolio is strengthened by an array of nationwide mortgage lenders. This allows our loan officers to provide each borrower with more solutions.

Company NMLS: 4190
www.nmlsconsumeraccess.org

Contact Us

2808 W Broadway Ave
Minneapolis, MN 55411
Phone: 952-544-1706
info@satorimortgage.com

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