options to avoid pmi: What is PMI and how can I avoid it? - 05/02/17 06:59 AM
Looking to buy your next home?  The time to shop rates and loans is before you start house hunting so you have a guide on what you can afford and a good strategy to help you win in this market.  One thing that seems to baffle buyers is PMI.  Often buyers are looking at what they can afford and forget about PMI.  Private Mortgage Insurance (PMI) is a mortgage policy that protects the lender in case of buyer default.  PMI allows buyers to purchase homes with conventional loans with less than 20% down payment. PMI is required for conforming, conventional loans … (5 comments)