• Report: #418901

Complaint Review: CTX Mortgage And Countrywide Mortgage

  • Submitted: Sun, February 01, 2009
  • Updated: Mon, February 02, 2009

  • Reported By:Kyle Texas
CTX Mortgage And Countrywide Mortgage
Kyle, Texas U.S.A.

CTX Mortgage And Countrywide Mortgage Private Mortgage Insurance Ripoff Kyle Texas

*Consumer Suggestion: PMI

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I have been researching private mortgage insurance charges being paid by a friend of mine. During a conversation, I was horrified to find out she was payint $633.00 per month. I used a PMI calculator online and found her payment should be $156 per month. Anyone else with this problem? Not sure where to start with this.

Judy ****
Kyle, Texas
U.S.A.

This report was posted on Ripoff Report on 02/01/2009 04:25 PM and is a permanent record located here: http://www.ripoffreport.com/r/CTX-Mortgage-And-Countrywide-Mortgage/Kyle-Texas-78640/CTX-Mortgage-And-Countrywide-Mortgage-Private-Mortgage-Insurance-Ripoff-Kyle-Texas-418901. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 Consumer Suggestion

PMI

AUTHOR: Kendra - (U.S.A.)

It is really tough to calculate mortgage insurance as there are quite a few things that can effect it and without the specific information about the loan, you cannot possibly figure it out. It depends on what percent of coverage that the lender or investor requires. While that seems steep, it depends totally on credit score, loan to value and loan size.
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