Worth refinance to get rid of PMI?

[ocnjgirl]

Originally Posted by widespreadfan

I am a mortgage banker, but we do broker some products out to offer more mortgage loan programs to our customers. I used to work for an FDIC insured bank and I can tell you that they have limited product offerings. I would always using a mortgage bank or an independent mortgage broker as opposed to a brick and mortar traditional FDIC bank.

This was Nation One, isn’t that a mortgage bank?

[widespreadfan]

They look like a mortgage bank. If you ask their structure they will be happy to tell you. Plus you look like a more sophisticated borrower if you ask them if they are a regular FDIC bank, mortgage bank, or mortgage broker.

[ocnjgirl]

Originally Posted by widespreadfan

They look like a mortgage bank. If you ask their structure they will be happy to tell you. Plus you look like a more sophisticated borrower if you ask them if they are a regular FDIC bank, mortgage bank, or mortgage broker.

Thanks. Believe it or not this was my first home even though I'm in my 50's. I feel very stupid about the whole process, I think they assume because of my age I know more than I do.