mortgages: What You Need to Know About Private Mortgage Insurance
- 04/16/15 01:07 AM
Everything You Need to Know About PMI Your monthly mortgage payment is more than just principal and interest. Many homeowners include their property taxes and insurance bills in their monthly mortgage payments, too. Some homeowners have one more charge rolled into their monthly payment: PMI, or private mortgage insurance. Don’t make the mistake of not factoring in your mortgage insurance payments when planning a move! What Is PMI? Though many homeowners pay PMI, few understand how it works. PMI is required on conventional loans when homeowners are not able to put down 20 percent or more. It is not required on FHA or … (0 comments)
Everything You Need to Know About PMI
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