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

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 »
http://www.answerbag.com/q_view/1867424

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 »
http://www.answerbag.com/q_view/1952039

How to Understand Private Mortgage Insurance?

Home buyers are required to pay private mortgage insurance (PMI) to their lender when the down payment amount is less than 80 percent of the home's value. The idea behind PMI is home buyers who hav... Read More »
http://www.wikihow.com/Understand-Private-Mortgage-Insurance


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