How to Calculate Mortgage Insurance?

Answer Mortgage Insurance (MI), also known as Private Mortgage Insurance (PMI), is insurance that protects a lender in the event that a borrower defaults on a home loan. MI is usually required when the do... Read More »

Top Q&A For: How to Calculate Mortgage Insurance

How to Calculate PMI Mortgage Insurance?

When calculating a monthly loan payment, several variables determine how much you have to pay the lender. These factors include: the amount of money you borrow, the length of the loan, the type of ... Read More »

Can a Bank Require Mortgage Insurance on a VA Mortgage?

Private mortgage insurance is a type of insurance product that most homeowners are forced to purchase in order to protect their lender. This insurance coverage is required in case the borrower goes... Read More »

How to Calculate a 30 Year Mortgage?

So you're thinking of buying a home, and want to make sure it's affordable. After deciding how much you want to spend on your house, and how long you want your mortgage to run, make sure you consid... Read More »

How to Calculate Mortgage Payments?

A mortgage loan is a specific type of loan for which the collateral is real property. The loan amount is therefore less than or equal to the sell price of the real estate. The interest on a mortgag... Read More »