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EZ Monthly Plan
CMG MI's no up-front monthly premium option reduces the amount that a Member would typically have to pay at closing.
- MI premium is now 100% tax-deductible for Members with adjusted gross incomes up to $100,000, through 2011*
- MI premium is paid monthly
- MI coverage is effective as of the loan closing date
- First premium payment is due with the first mortgage payment, instead of at loan closing
- If a refund is applicable, any unearned MI premium is refundable following cancellation.
Click here to see CMG MI's EZ Monthly rates.
*Members should consult their tax advisor.
Back to Premium Plans and Products
For more information, contact your CMG MI Account Executive, or call CMG Mortgage Insurance Company at (800) 909-4264. |