Last updated on September 8th, 2021 at 03:24 pmAt the time of purchasing a home if you’re making a down payment of less than 20% of the home’s value, then you need to pay private mortgage insurance. It is anContinue Reading
Last updated on December 5th, 2022 at 10:05 pmIf while purchasing a home your down payment is less than 20% you may have to pay extra for an insurance policy. What is PMI and how does it work? Private mortgageContinue Reading
Last updated on February 3rd, 2021 at 11:50 amMortgage insurance protects lenders from losing money on higher-risk borrowers who might default on their mortgages. This protection helps make home financing available to borrowers who otherwise might not qualify. When your downContinue Reading
Last updated on February 3rd, 2021 at 11:33 amWhen the borrower making a down payment of less than 20 % of the purchase price of the home then they need to pay for mortgage insurance. Mortgage insurance is also required onContinue Reading
