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Private Mortgage Insurance for low down payment loan

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eric1 Community Experts Joined: 04 Jan 2009 Posts: 1172 175.80 Dollars($)	Posted: Mon May 04, 2009 4:21 am    Post subject: Not only will you have to purchase mortgage insurance (PMI), but your rate will most likely be higher also. Therefore, your payment will jump significantly when you go from 80LTV to 81 LTV _________________ Eric - http://www.DreamHomeFinancing.com Free Rate Quotes, Stated Income Loans Mortgage News and Trends Follow My Blog
Realgeni Joined: 13 Apr 2009 Posts: 1434 99.77 Dollars($)	Posted: Tue May 05, 2009 4:26 pm    Post subject: Eric is correct. Your payment will be higher due to PMI and higher interest.

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