Posts Tagged ‘Private mortgage insurance’

4 Times It Makes Sense to Pay More (Yes, More) for Your Mortgage

Tuesday, April 5th, 2016

Article provided by realtor.com®. View the original article here: http://ow.ly/10jdED. When shopping for a mortgage, it’s all too tempting to go for the rock-bottom option—in other words, whatever will keep your monthly payment as low as possible. Yet bargain hunters should beware: Extremely low interest rates or monthly payments may look great at first glance, but they aren’t always…Read More »

Home Buyer Tip | Learn about Private Mortgage Insurance

Monday, December 30th, 2013

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 »

Home Buyer Tip | How To Apply For A Mortgage Loan

Wednesday, December 18th, 2013

Your chances of obtaining a mortgage really depend on all the information that will be contained in the credit report. So, it’s a good idea to get your credit report, before you apply for a mortgage, and correct errors. If there are any inaccuracies you don’t know about, this could cost you thousands of dollars in extra…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 »