Chris Hill

Short AnswerIn some cases, a property valuation is required to confirm eligibility for PMI removal. What’s HappeningIf you request early PMI removal based on your home’s current value, we may need ...

Short AnswerSome FHA loans allow MIP removal after 11 years, while others require MIP for the life of the loan. What’s HappeningFHA loans follow different mortgage insurance rules than conventional...

Short AnswerPMI automatically cancels when your loan is scheduled to reach 78% of the original property value, as long as your loan is current. What’s HappeningAs you make payments, your loan balan...

Short AnswerMortgage insurance removal depends on your loan type and current loan balance. Some mortgage insurance can be removed once certain conditions are met, while other types may be required ...

Short AnswerIf a borrower passes away, the mortgage does not automatically transfer or change. We must review documentation to determine who now owns the property and what options may be available....

Short AnswerA Successor in Interest is someone who has obtained ownership of a property but was not originally listed as a borrower on the mortgage. What’s HappeningThis most commonly occurs after ...

Short AnswerA loan assumption allows a new borrower to take over legal responsibility for an existing mortgage. Approval is required and eligibility depends on loan type and investor guidelines. Wh...

Short AnswerA loan assumption is when a new borrower takes over legal responsibility for an existing mortgage, subject to approval. What’s HappeningThe assuming party applies for credit review and,...

Short AnswerA Third-Party Authorization allows someone you choose to receive information and speak with us about your mortgage account. What’s HappeningThis authorization permits communication only...

Short AnswerYou can authorize someone to access information about your mortgage account. This allows communication only and does not add them to the loan. What’s HappeningYou may want a family memb...