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Online Mortgage Options Assessment Tool

PMI Mortgage Insurance has a new tool for homeowners facing potential foreclosure on their home. The Mortgage Options Assessment Tool (http://www.homesafepmi.com/) enables homeowners to organize, calculate, and produce reports on their current financial situations prior to meeting their lenders or counselors to discuss solutions to foreclosure. This is a free online tool available to anyone.

When homeowners log on to http://www.homesafepmi.com/, they can click on the Mortgage Options Assessment icon on the home page. In the form, homeowners can input relevant information, such as property information, income, assets and monthly expenses, to create a report that they can use when meeting with their lenders or counselors. After inputting the information, homeowners can print the completed form to take with them to meetings with their financial advisors. PMI does not save or collect any personal information that it could use to identify homeowners.

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