rightPrivate Mortgage Insurance helps you get the loan

Private Mortgage Insurance, also known as PMI, is a supplemental insurance policy you may be required to obtain in order to get a mortgage loan. PMI is provided by private (non-government) companies and is usually required when your loan-to-value ratio the amount of your mortgage loan divided by the value of your home is greater than 80 percent.

PMI isn't a bad thing it allows you to make a lower down payment and still qualify for a mortgage loan. In fact without PMI, many of us would not be able to purchase our first home.


Good News, As of Jan. 1st., 2007 the cost of PMI is now tax deductible for households with combined income less than $100,000.00 per year. 

How is PMI calculated?

Your PMI premium is fixed based on plan type (loan-to-value ratio, loan type, loan term, etc.) and is not related to your particular credit history or other individual characteristics. PMI typically amounts to about one-half of one percent of your mortgage amount annually, according to the Mortgage Bankers Association, and the premium payment is usually rolled into your monthly mortgage payment.  On a $200,000 mortgage, you may be paying $1,000 per year for PMI.


Let Our Mortgage Specialists determine the best loan program for you, Please provided some basic information below. As always, there is no cost or obligation to our clients. All information provided is secure and remains the property of AAA Mortgage Solutions. All client information is confidential and protected by the requirements of The Georgia Department of Banking and Finance.

AAA Mortgage Solutions, LLC

GRMA #33663/NMLS#: 870421 / GRMA 24310 / NMLS 222425

6478 Putnam Ford Dr Suite 206
Woodstock, GA 30189