PMI Advantage | Quicken Loans Education

Quicken Loans announces the PMI Advantage, a new and exclusive program that can save you thousands in mortgage insurance payments, compared to traditional PMI. It allows you to enjoy the home of your dreams without having to put 20% down. With PMI Advantage , you’ll accept a slightly higher mortgage rate and eliminate monthly mortgage insurance payments, which often add up to several hundred dollars a month. By choosing PMI Advantage, not only will you never have to make a monthly mortgage insurance payment, but you’ll also be able to take advantage of mortgage interest tax deductions. Private mortgage insurance is no longer tax deductible. To find out how much you can save with PMI Advantage, go to http://www.quickenloans.com/home-loan… or call 800-QUICKEN.