Compare Mortgage Quotes

eric1 · Posted: Mon May 04, 2009 4:21 am Post subject:

Not only will you have to purchase mortgage insurance (PMI), but your rate will most likely be higher also. Therefore, your payment will jump significantly when you go from 80LTV to 81 LTV

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)

Eric is correct. Your payment will be higher due to PMI and higher interest.

Guest

HOW DOES PMI APPLY WHEN BORROWER DIES. IS THERE STILL A
FORECLOSURE? MORTGAGE PAYMENT NOTICE ONLY SHOWED
MORTGAGE PAYMENT DUE 46.02. BORROWER LEFT A WILL THINKING
MORTGAGE WOULD BE PAID OFF

gmakerley · Posted: Wed Jan 27, 2010 2:02 pm Post subject:

sidney, private mortgage insurance has nothing to do with mortgage life insurance. if there was mortgage life insurance on the debt, then a claim would need to be filed with that insurance company in order for the loan to be paid in full.

as for foreclosure, if there was a default on the loan, then presumably the life insurance benefit, if any, may have been defaulted on as well. typically, that's paid for along with the loan payment, so if payments cease on the loan, the insurance company will cancel its policy.

i think you've got some homework to do, frankly. perhaps the lender can assist you, though they're probably not all that helpful once a loan has gone into default.

Guest

Very simple...what is cheaper the pmi or the rolling over of the 20%. Short and long term scenarios

Posted: Thu Aug 18, 2011 10:50 pm Post subject:

I personally feel that rolling over 20% as down payment is a better option. If you go for pmi, you will have to pay extra money towards it!

gmakerley · Posted: Sun Aug 21, 2011 3:10 pm Post subject:

If you can afford to put 20 per cent down on a home, that's always a better idea. It provides equity right away, which is protective in an environment that we've started to become accustomed to, where values drop and seem never to cease doing so.

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours
Previous 1, 2, 3
Page 3 of 3

Compare Mortgage Quotes

Private Mortgage Insurance for low down payment loan