Question

 How is private mortgage insurance calculated?

Answer Private mortgage insurance (PMI) is a policy that protects lenders against the risk of borrowers defaulting on their loans. The cost is paid for by the borrowers but protects the creditor.CostThe c... Read More »
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Top Q&A For: How is private mortgage insurance calculated

How is primary mortgage insurance calculated?

Primary mortgage insurance, commonly known as private mortgage Insurance (PMI), provides protection to a lender in the event that mortgage holder doesn't making her monthly payments. PMI rates depe... Read More »
http://www.answerbag.com/q_view/1964416

Why do I need private mortgage insurance?

Private mortgage insurance, or PMI, allows you to purchase a home with a smaller down payment because lenders are protected against you defaulting. Without PMI, most lenders require a 20 percent do... Read More »
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How much is private mortgage insurance?

The private mortgage insurance rate charged per month is based on several factors, including your credit score, the amount of your loan and the location of the property. However, it is typically .5... Read More »
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Why is private mortgage insurance important?

Private mortgage insurance, PMI for short, is a cost lenders add to a mortgage when the borrower cannot put down at least 20 percent of the home's value. PMI makes it easier for people to transitio... Read More »
http://www.answerbag.com/q_view/1972250


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