How My Client Dodged a Pushy Loan Officer and STILL Saved Over $200 a Month!

THE CALL: A client I helped purchase a home several years ago reached out after getting bombarded by calls and emails from his mortgage servicer. They were pushing hard for him to refinance, promising monthly savings. He had a hunch something didn’t add up. I’m glad he trusted his instincts and called me.

THE PROBLEM: Sure, saving money is always tempting. However, my client suspected the call center loan officer was stretching the truth. I took a deep dive into his current mortgage details—rate, balance, and payment—and also ran a fresh automated valuation of his home. The “savings” being advertised? Almost entirely from eliminating his Private Mortgage Insurance (PMI)—not from any real improvement in loan terms.

THE TRUTH: I explained that with his increased equity, he could request the lender remove PMI without refinancing at all. No new loan, no thousands of dollars in closing costs. Just a smart move based on solid numbers.

THE RESULT: His monthly payments dropped by over $200, and he avoided unnecessary fees entirely. A win by every measure.

THE TAKEAWAY: As mortgage rates improve, we’re bound to see a surge in refinance pitches from commission-driven loan officers. Be careful—these solicitations often prioritize profit over your best interest. With over 30 years of experience, I take pride in providing honest, strategic guidance tailored to you, not the lender’s bottom line.

If you have questions about refinancing, removing PMI, or anything mortgage-related, please contact me! I’m just a phone call away.

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Warren Goldberg is President of Mortgage Wealth Advisors, a Certified Mortgage Planning Specialist®, and a published author. His interviews include Blog-Talk Radio, Newsday, The Daily News, Anton Press, and the Long Island Herald. Since 1992, he’s been sharing his financial knowledge and wealth-building strategies, including how to properly use your mortgage as a financial tool. His clients regularly express their trust and appreciation by recommending friends and family call when in need of mortgage, real estate, and financial guidance.

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