Compare Mortgage Quotes

catharin9 · Joined: 14 Jul 2009 Posts: 168 -0.14 Dollars($)

WHAT IS PMI?

JKennedySLG · Posted: Mon Aug 31, 2009 12:09 pm Post subject:

Private Mortgage Insurance.

Insurance that is required when your loan exceeds 80% of your homes current value. You will be paying this premium on a monthly basis as your an added risk to the lender with limited equity. I hope this helps...

jonunderwood007 · Joined: 03 Sep 2009 Posts: 38 -0.40 Dollars($)

I is extra insurance that lenders require from most homebuyers who obtain loans that are more than 80 percent of their new home's value. In other words, buyers with less than a 20 percent down payment are normally required to pay PMI.

nelsoncarolyn1946 · Joined: 03 Sep 2009 Posts: 38 0.00 Dollars($)

PMI is extra insurance that lenders require from most homebuyers who obtain loans that are more than 80 percent of their new home's value. In other words, buyers with less than a 20 percent down payment are normally required to pay PMI

andrewward001 · Joined: 28 Aug 2009 Posts: 51 0.00 Dollars($)

also note that borrower needs to pay 1.5% charges as PMI in case of FHA loan. reason is already specified above

lovegreg77 · Joined: 03 Sep 2009 Posts: 34 0.00 Dollars($)

PMI provides a protection to lender against default of high LTV mortgage

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

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1