Lakewood, CA asked in Real Estate Law for California

Q: The PMI rate on my loan is higher than what is stated on my Final Closing Statement. Why did it raise and what can I do?

I closed on my new home in March. The PMI rate is double the amount that is stated on my Final Closing Statement. I would have never signed a contract with such a high PMI rate. What are my options at this point?

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1 Lawyer Answer
Yelena Gurevich
Yelena Gurevich
Answered
  • Studio City, CA
  • Licensed in California

A: You may want to discuss this first with your real estate broker/ loan officer regarding this issue to get a better understanding of what you signed and what you are receiving now before you have to pay an attorney to review your paperwork and determine whether you have a legal case.

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