pmi: USDA Makes "Rural" Homes More Accessible - 06/26/09 06:21 AM
Zero-down loan programs are few and far between these days, but one that remains available might be of interest to you - especially given some changes that make it more accessible.
USDA Guaranteed Rural Development loans offer 100% financing with no monthly Private Mortgage Insurance. Seriously, I said NO monthly PMI. … (10 comments)
pmi: What's the Difference Between PMI and Homeowner's Insurance - 12/08/08 09:00 AM
Private mortgage insurance or PMI is insurance for the mortgage lender in case the homeowner or mortgagor is not able to repay the loan. PMI allows the lender to recover its losses after a foreclosure and sale of the reposed home. There are two types of PMI, lender paid and borrower … (3 comments)
pmi: Private Mortgage Insurance Rates on the Rise - 10/23/08 10:09 AM
Private Mortgage Insurance (PMI) rates have increased dramatically within the last year. This is due to the fact that mortgage defaults are up 40 percent, and mortgage insurers have had to pay out $6 billion in claims. Private Mortgage Insurance is insurance paid to the lender if the home buyer defaults … (1 comments)
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Zero-down loan programs are few and far between these days, but one that remains available might be of interest to you - especially given some changes that make it more accessible.
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