Posted on: 24th Jul, 2010 03:41 pm
We're looking to modify our mortgage loan, which is @ 3 yrs. old now with Citi. The loan was for $209,000 at a 30 yr. fixed rate with a monthly PMI if $743.00. My credit score is always great. At the time we got the loan, my wife's score was low...hence, I'm told, the big PMI. Her score has increased dramatically as of today. What can we do to at least get this PMI down? By the way, we are not eligible for the government programs...we're under the 31% requirement.
Facesundown
Facesundown
can you refinance? if you're not showing financial hardship, it will be difficult to get a modification.