Trying to Refi with HARP, but LPMI is causing an issue...Any help is appreciated

This is a very easy loan to do for just about any broker out there, but your problem is you're trying to go back to your existing lender... that's your problem... The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

We can do this. Many larger lenders are not doing HARP refinances with LPMI. For some reason, many of the banks are not doing refinances with LPMI for their own customers - especially BofA. It makes no sense, but I guess they don't find the extra step of having the MI certificate transferred a good business decision. Please see my blog on this website re this subject or go to my website @ www.myhomefunds.com and the blog there. Email: barb.lanis@1amllc.com or cell 630-660-8868. I have a co-worker in your area.

The loan can be converted to borrower paid PMI at the same rate that the LPMI is you should be out of pocket nothing.If you have any additional questions feel free to contact me anytime.Jeremiah Adams573-355-1743

I do a lot of these loans sometimes we can keep the LMPI more of the time then not we have to convert it to borrower paid PMI.It depends on the current servicer and how your loan was sold to Fannie Mae or Freddie Mac.We are located in Columbia Mo so you are welcome to give me a call anytime. Jeremiah Adams 573-355-1743 jeremiah@delinefinance.com

Can you tell me who owns your loan? FNMA or Freddie Mac? Is your LPMI one time or monthly? I need a few more details,but we should be able to take care of that for you, as I have done a handful of loans for BofA customers who can't refinancewith them.

there is another way for you to do your loan.. and at a lot of times I got the mortgage insurance removed, but i need more info'you can email your address to yourloanpartnerforlife@live.com and i will pull comps, and i need to know the loan balance .. thanks linda

Seek out a local broker who has options with various lenders. The MI can be transferred, however your lender must find the right institution that can help you.

Talk to a Local lender or one or all of the people on this site that are licensed in your state. This loan can be done.

As you can see, there shouldn't be a problem getting this done as long as it is a Fannie or Freddie loan.

For some people, HARP 2.0 = HARP 2. NO.... While a loan with LPMI is not automatically disqualified, it does present significant challenges. Simply contact another local non-bank lender and try again.

This is a doable loan. BOA wants to retain your loan -- remember that. Andrew Tampa Florida.