prime lending: Mortgage insurance - did you know there were different kinds? Janice Roosevelt, Keller Williams Real Estate, PA & DE
- 03/24/11 02:18 AM
One of the lenders we often suggest to client is Pime Lending and Matt Stancato who heads up the Delaware office, had a great piece on the different kinds of mortgage insurance. They offer four kinds. Single premium MI--a single lump sum paid in advance and partially refundable when the borrower owes less than 80% of the property value. Single Financed MI--same thing, but financed. Borrower stretches MI over the life of the loan with no monthly payments. LPMI--for a small rate increase, PrimeLending will pay the MI for the borrower. (This works out best at 85% LTV--otherwise the single financed is the … (2 comments)
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One of the lenders we often suggest to client is Pime Lending and Matt Stancato who heads up the Delaware office, had a great piece on the different kinds of mortgage insurance. They offer four kinds.
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