Question

 Why is private mortgage insurance important?

Answer 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

Top Q&A For: Why is private mortgage insurance important

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

A Private Mortgage Insurance Policy?

Private mortgage insurance is also known as PMI, mortgage insurance and MI. If you're buying a property and making less than a 20 percent down payment, then the lender probably will require a priva... Read More »
http://www.ehow.com/about_7950789_private-mortgage-insurance-policy.html

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


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