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Company Loan Type APR Est. Pmt.

Pre paid PMI @ 1.2 persent

Posted on: 01st Sep, 2010 04:56 am
I prepaid the PMI at closing, 1.2 percent. I am trying to take advantage of the HARP program and am being told that my current mortgage company wells fargo is paying it... and therefore am ineligible. The loan was sold shortly after I bought by wells... what gives??? If I paid the PMI why are they paying it??

:?:
hi gearset!

welcome to forums!

it is quite surprising to note that though you've paid the pmi, yet wells fargo is paying it again. moreover, i don't think the pmi has anything to do with the home affordable refinance program. in my opinion, it would be better if you could contact the lender and ask him to clarify the matter.

feel free to ask if you've further queries.

sussane
Posted on: 02nd Sep, 2010 02:12 am
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