Blog

In 2024 Premium Mortgage achieved a $1Billion Servicing Portfolio, along with originating over $1Billion annually from 2020 through 2024. “Premium works differently than others in our industry,” said David Gates Chief Operating Officer of the firm, “We spend countless hours working with our team...

#1: Remove Private Mortgage Insurance Principal Reduction Have you made a principal curtailment to your mortgage lowering your current mortgage balance to 80% or less or your original property value? Market Value Increase Have you noticed an increase in home prices in your area lately?...

Freddie Mac (OTCQB: FMCC) announced the winners of its Home Possible RISE Awards®. The annual program, RISE (Recognizing Individuals for Sustained Excellence), salutes Freddie Mac’s top clients across multiple categories for excellence with the Home Possible® and HFA Advantage® mortgage products –...

I wanted to take a moment to address some misconceptions and clarify the true nature of our "Cash Guarantee" program, particularly considering recent discussions within the industry. Over the last several years there has been considerable discussion surrounding the authenticity and efficacy o...

It’s not often that I read current industry news and am compelled to share my thoughts with the broader marketplace; now is one of those times. I am referencing the ongoing class action lawsuits being filled against the National Association of Realtors and several major brokerages regarding sell...

Are you currently in the market for a new home? If so, you've probably noticed that competition for real estate is at an all-time high, with multiple offers over list price becoming increasingly common. Here at Premium Mortgage Corporation, we want to help you stand out from the crowd with some...

Let me try to dispel the myths and false claims that a borrower with a low credit score is getting better rates than a borrower with a higher credit score. Seemingly overnight, the internet has been filled with news regarding a "new," unfair tax on mortgage borrowers with higher credit scores...

The Premium Mortgage Corporation family is celebrating being named to the 36th annual Greater Rochester Chamber Top 100, a program that recognizes the fastest-growing privately owned companies in the Greater Rochester region. Premium Mortgage Corporation is no stranger to the Top 100, having made...

We are proud to announce that our President and CEO, Mike Donoghue, has been named one of the region’s Top Power Players in banking and finance for 2022! The Power 30 is awarded annually and highlights the impact made by regional executives in banking and finance, education, law, manufacturing, and...

Achieving the dream of homeownership matters to our neighbors and neighborhoods. It helps create a foundation for families, unifies our communities, and empowers residents to put down roots. As a mortgage lender, we want to help make that dream a reality for all income levels—and that’s why we’ve es...