How do you avoid PMI

0.10 Dollars($)

Niicss · Joined: 03 Oct 2005 Posts: 1047 156.15 Dollars($)

Welcome Guest.

If you make a down payment which is more then 20 percent of the LTV then you can avoid Private Mortgage Insurance (PMI). I have made a post on how can you avoid PMI. You can find it at http://www.mortgagefit.com/florida/downpayment-pmi.html#54331

Let me know if you have any more queries.

brian1 · Posted: Sat Jun 28, 2008 11:00 pm Post subject:

Some lenders also allow for lender paid mi. To qualify you will need great credit and at least 5% down. The rate will be a little higher but not as costly as PMI.

Brian

smaildaytoday · Joined: 15 Oct 2007 Posts: 52 0.14 Dollars($)

If you make a down payment more then 10 or 20 percent. you will avoid the private mortgage insurance. You'd better ask the local mortgage company.

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