Posts Tagged ‘Private mortgage insurance’
How To Calculate Private Mortgage Insurance? Private Mortgage insurance is the payment that is made along with the mortgage payments when the mortgage is greater than 80% of the property value. So, PMI serves as insurance to the lender when you default on your payments.
What is PMI ? You are paying a premium on your mortgage as long as your down payment is less than twenty percent, and many people are paying a lot more per month because of it. What Is PMI?
Private Mortgage Insurance Did you know that you may be paying for private mortgage insurance even though you don’t have to? Having pmi is something that lenders will charge you for as long as your mortgage is higher than 80% of your home’s value. But, once you get below this level, then you no longer [...]