Question

 How is private mortgage insurance determined?

Answer Private mortgage insurance (PMI) is a type of insurance policy that protects lenders in the event that a borrower defaults on a mortgage. PMI only reimburses the lender and offers no protection for... Read More »
http://www.answerbag.com/q_view/1962728

Top Q&A For: How is private mortgage insurance determined

How is private mortgage insurance calculated?

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 »
http://www.answerbag.com/q_view/1949306

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

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

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


feedback
loading