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Mortgage Insurance Weighing you down?

Private mortgage insurance, often referred to as PMI, is insurance that lenders require borrowers to pay for when they get a mortgage and don’t have enough equity in the home. Generally, this means coming up with a 20% down payment when buying a home just to avoid paying the PMI premium.
If you’re stuck with PMI, there is relief in this tight lending market for you.  Now you can eliminate PMI while lowering your interest rate at the same time.  MBA’s mortgage insurance companies have loosened their guidelines and cut rates for our customers allowing us to offer more products at a cheaper cost to all of our clients. A quick look could show savings of $200-$300/month or more.

 Excel July 2011


Now easier to buy Condos with low $$$ down!

The loosened guidelines have also led to more approvals.  Now if there is a  low owner occupancy in an established project with 5 or more units we can finance a primary or 2nd home with low money down.  

MBA is offering through our partnerships an easier approval process that can help you eliminate PMI with less than 20% down.  In the past financing a high loan to value Condo could be tough because the insurance guidelines differed from the Lender. Now they are all in-line! If you are currently paying PMI or are looking to make a little money down purchase you should definitely give us a call so we can see how much we can save you.


New Jumbo / Condo / Commercial / Mixed Use Products

Now it's easier than ever to finance your dreams.  If you're looking to buy your first condo or want to buy a business, MBA offers a complete line of mortgage planning tools and secured mortgage loan products to both residential and commercial borrowing clients....  Click here for Product Highlights.

Commercial / Mixed Use

Condo

Jumbo

MBA helps raise money for the Disabled American Veterans

MBA Mortgage is proud to announce that on July 20, 2011, they participated and help raise nearly $4,000 for the Disabled American Veterans at their 3rd annual Corporate Golf Tournament. A big thank you to Dan Stack and Ken Kooyman of the D.A.V. for their tireless efforts in getting this tremendous event off the ground again!

We would also like to thank the following MBA Mortgage partners for their generous Donations:

Dave Flaherty of Aflac
Maurice Rubino of TYG Insurance Agency
George Souliotis of Group Brokerage Insurance Agency
Kathy Keaveney of the Law Office of Kathleen Keaveney
Norman O'Grady of Prime Realty Group
Brad Mahoney of Faherty & Mahoney Law
Kevin Donovan & Josh Shepherd of UBS Financial
Joe Curran of Curran and Desharnais LLC
Ben Cavallo of Cavallo and Signoriello Insurance Agency

With this money, the D.A.V is able to purchase additional Vans to transport disabled veterans in. These vans are driven by D.A.V volunteers and are no cost to the veteran to use.

Once Again, thank you to all and please feel free to contact MBA Mortgage Corporation if you would like to get involved in this special event in years to come.