Imagine, saving $50, $150, or more each month on your next Columbia mortgage. It's possible with our exclusive No M.I. Advantage mortgage program, which is designed for members with great credit.
- Mortgage insurance waived
- Finance up to 95% of your home's value
- Lower monthly payments increase borrowing power
- Mortgage rate fixed for first seven years
What is Mortgage Insurance?
In most cases mortgage insurance is a requirement when borrowing more than 80% of your home's value. This insurance protects Columbia in the event that a member cannot make their monthly payments. Depending on the loan, mortgage insurance could cost over $100 a month. However, with a Columbia No M.I. Advantage mortgage, we waive mortgage insurance for our best credit members, saving them money and providing the ability to purchase more.
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