Tag Archives: pmi

What Is The Cost Of Private Mortgage Insurance

The amount that the private mortgage insurance costs you depends on several factors: Type of loan ARMs will generally have a higher private mortgage insurance premium than FRM’s. Loan amount PMI premium is partially based on the percentage of the loan amount as well. This means that the more you borrow the greater will be […]

Private Mortgage Insurance, PMI

Pvt. mortgage insurance or PMI is the insurance that you usually have to pay to the mortgage lender if you are making a down payment of less than 20%. Pvt. mortgage insurance protects the lender against default by the borrower and covers his losses for the entire foreclosure proceedings . Lenders mostly suffer loss when […]