Posts Tagged ‘Mortgage insurance’

What To Expect In Closing Costs On A Home Purchase

Friday, December 20th, 2013

Many are taking advantage of this year’s low mortgage rates to purchase a home. Pent up with excitement, many families, who have scrimped and saved for a down-payment, jump for joy when the mortgage lender finally approves their application.  But, they should realize that there’s a whole new set of expenses that must be covered…Read More »

PMI | Private Mortgage Insurance

Wednesday, August 1st, 2012

Private mortgage insurance, or PMI, insures the lender against a default. It is required when the borrower is making a cash down payment of less than 20 percent of the purchase price. PMI costs vary from one mortgage insurance firm to another, but premiums usually run about 0.50 percent of the loan amount for the…Read More »