Private Mortgage Insurance (PMI)
- Yahoo! Finance - Extensive information on the topic
including examples of how PMI works, tips on keeping track of payments, how to avoid PMI,
with links to related story features.
Questions on Mortgage Insurance
- General overview of the mortgage insurance industry with
additional facts and information on PMI, from the Mortgage Professor.
Mortgage Insurance Companies of America
- Industry assocation with PMI basics, related
video presentations, interactive rate calculators, FAQ, glossary.
Understanding PMI (Private Mortgage Insurance)
- A discussion on PMI benefits to both the
lender and borrower, Homeowner Protection Act regulations, related links.
Does mortgage insurance make sense?
- Expert tips from CNNMoney.
Private Mortgage Insurance (PMI)
Remove PMI - Save $$$
What is PMI?
Private Mortgage Insurance is charged on loan amounts exceeding 80%
of the purchase price/refinance value of a home. This mortgage
insurance protects the lender against loan default.
Mortgage lenders are required, BY LAW, to remove this monthly cost if
you have at least 20% equity in your home. The mortgage lender will not
remove this private mortgage insurance cost unless you act. As you
may know, houses appreciate in most areas and as a result time may be
your best friend towards the removal of PMI.
To find out if your house has appreciated to the point where you can
start saving hundreds of $$$
contact us
to act today.
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