private mortgage insurance: Private Mortgage Insurance Rates
- 11/15/16 04:31 AM
Private Mortgage Insurance has long been a source of eye rolls for many home buyers. However, once you look at PMI for what it is-- a tool to reduce the risk of a mortgage loan-- you may look at it in a different light.
Similar to most insurance we use everyday, mortgage insurance is there to protect the lender if ever a home is foreclosed on. Simple enough, right? What most buyers dislike about PMI is that it's just another thing to pay for. The true spirit behind Private Mortgage Insurance is to enable buyers who do not … (0 comments)
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