chicago mortgages: ELIMINATE PMI? POSSIBLE, YES - BUT, IN 2013 . . . NOT AS EASY! - 01/08/13 12:38 PM
Private Mortgage Insurance!  Many curse the very name!
Without it, however, most low-down-payment home buyers might never get a chance to own.
If you're like thousands of homeowners across the US who put less than 20% down payment on your home, there is a good chance part of your monthly payment includes Private Mortgage Insurance, commonly referred to by its initials - PMI. Insurance is exactly what it is - for the LENDER, that is. It covers the lender in case of Borrower Default, on high Loan To Value Loans.
The Insurance Premium? Although the Insurance protects the lender, the premium … (0 comments)

 
Dean Moss, Dean's Team Chicago IL Real Estate Team (Dean's Team - Keller Williams Realty Partners Chicago IL)

Dean Moss

Dean's Team Chicago IL Real Estate Team

Chicago, IL

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