I have 2 mortgages; 4% and 9%, No PMI combined 90% LTV. Is it possible for me to refinance and combine both loans without PMI?

Depending on the home value. we need to get to 80% loan to value to eliminate PMI.But we can combine both mortgages into one low rate at 3%.call Kevin Bailie in my office at 888 660 3033.Bob Schiano, President

Probably not but the better question is could you save money? Money is money it really don't matter if it is interest or pmi Conventional pmi will go away interest is for the life of the loan.

Yes, no, and maybe. If your loan-to-value is over 80%, you need to deal with PMI somehow. First, when lenders "run your file" through the computers, it will tell us if you need an appraisal or not. We would run it assuming a loan-to-value of under 80%. If you get lucky, no PMI. Otherwise you'll need to deal with it. Most common is standard monthly PMI, which will eventually go away. There are other options where it appears you have no PMI too... Like where we increase the rate a bit, but now you "have no PMI". PMI has changed in the last 10-years, and if you have excellent credit, it is pretty inexpensive. I lend in MN WI IA ND SD. Find me at JoeMetzler.com - Cambria Mortgage, NMLS 274132

It's possible ... but there are conditions that need to be met. You'll need a lender to look at your specific scenario.