loan mortgage real estate: Real Estate Alphabet Soup: P for Private Mortgage Insurance (PMI)
- 10/18/21 03:31 PM
It is a beautiful Monday we're having today, everyone! We're back at it again with the Real Estate Alphabet Soup, and we are now at the letter P. We''ll be discussing about one of the insurances that you need to know about real estate so hang in there for some knowledge today.
P for Private Mortgage InsuranceWhen applying for a mortgage, the lender will most likely need you to go for a down payment (typically 20%) of the home value. In the event that the home buyer or borrower can't pay for the said amount, the lender may charge you a PMI, … (0 comments)
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