Private Mortgage Insurance: How PMI works and what to consider

Private Mortgage Insurance: How PMI works and what to consider

When you’re purchasing a home, you may be required to have Private Mortgage Insurance, or PMI, if you’re putting less than 20% down. Private Mortgage Insurance is insurance to protect lenders against a loss if a borrower defaults on the loan. PMI costs will likely result in a slight increase in your overall monthly payment, […]



Family Brands: Local.REALTOR® | FHA.condos | HomeBump™ | Probate Council™ | Short Sale Map™ | Va.condos | ValueofProperties.com