Posted on: 18th Sep, 2008 06:24 am
Upfront PMI of 4672.50 on a 316,000. Is this an appropriate amount? How is it determined? % of loan?
the mortgage insurance companies have devised formulae based on the loan to value ratio, your credit score, property type, etc.
each case is different, because more risk is involved with some borrowers/loan scenarios than with others.
i would have to say i believe that your numbers look okay.
each case is different, because more risk is involved with some borrowers/loan scenarios than with others.
i would have to say i believe that your numbers look okay.