pmi and mortgage insurance: PMI and Mortgage Insurance.
- 07/16/11 09:07 AM
PMI and Mortgage Insurance. If you're new to home ownership and have your eye on a perfect house, you may have heard the terms "PMI" or "MI" tossed around. PMI and Mortgage Insurance are forms of insurance that you pay on your conventional loan if you cannot put down the traditional 20% down payment. Mortgage insurance can initially seem scary to borrowers, and appear to cost more money in the long run. However, in some cases, PMI is a good thing and can offer financial advantages to homeowners. PMI vs. FHA Loans Often times borrowers look to FHA loans when they … (0 comments)
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PMI and Mortgage Insurance.
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