http://www.refiadvisor.com/pblog/interest-rates/how-to-get-a-wholesale-mortgage-rate/ Expert Mortgage Refinancing Advice You Can Trust Sat, 11 Feb 2012 02:15:20 +0000 hourly 1 http://wordpress.org/?v= http://www.refiadvisor.com/pblog/interest-rates/how-to-get-a-wholesale-mortgage-rate/#comment-6378 ed seelenbacher Thu, 31 Dec 2009 20:39:09 +0000 http://www.refiadvisor.com/pblog/interest-rates/how-to-get-a-wholesale-mortgage-rate/#comment-6378 I am currently working with Surepoint Lending for a refinance in California of $460,000, and the house was appraised at 635,000. The rate appears good (4.85%) but the broker claims that I must pay $194.00 month for Mortgage Insurance for 5 years. Is this a legitimate fee? Everywhere I looked says that if I have over 20% equity I should not have to pay that. Is this correct? I am currently working with Surepoint Lending for a refinance in California of $460,000, and the house was appraised at 635,000. The rate appears good (4.85%) but the broker claims that I must pay $194.00 month for Mortgage Insurance for 5 years. Is this a legitimate fee? Everywhere I looked says that if I have over 20% equity I should not have to pay that. Is this correct?

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