Search results

X-coll with LMI is doubly bad, because there is pricing tiers with LMI. By x-coll two properties you're likely increased the pricing tier on both, whilst had they been separate, you would have likely paid far less LMI. It may be possible to remove the x-coll within the same lender without...

Many banks x-col as a matter of policy. They can avoid it, but it gives them a lot of control and thus advantage over the borrower if they can do it. Even when LMI is involved it is possible to remove x-coll if it's only a couple of properties. At 95% it could be very challenging however as...