What is private mortgage insurance?

Click stars to vote (left is low, right is high)

(No Ratings Yet)

 Loading ...

[?]
 Print This

Also referred to as PMI, it is insurance you pay to protect the lender in case you default on the home loan. It is required when borrowers put down less than 20 percent of the purchase price.

Usually, a small fee is paid at the outset and a percentage of the face amount of the loan is added to the monthly payment.

Discussion Forum

Topic	Posts	Last Poster
Senate Approved Housing Rescue Package, Real Estate Industry Reacts	3	Pat
Is Social Media Marketing Effective in Real Estate Industry?	1	AAO
Property Management	2	ai4r
Condos For Sale - Condos For Rent - Condominiums	1	mycondospot
Real Estate Boom in India | Delhi Real Estate | Property in India	1	ansal123
Townships around Delhi | Real Estate groups in India | Houses in Delhi	1	ansal123
Residential Apartments in NCR | NCR Flats | Real Estate Boom in India	1	ansal123
Construction in Delhi | Commercial Property Delhi | Realty Business in Delhi	1	ansal123
Real Estate in India | Construction in NCR | Flats in India	1	ansal123
Virtual Tour Software Tourweaver 4.0 beta is released.	1	jennyzhao218

Online Marketing – What 2 Texas ‘HomeTown Girls’ Learned about Corralling Buyers

Commentary by Mike Parker
RISMEDIA, August 8, 2008-If you were attending an educational session at a major convention it is highly doubtful that two “HomeTown Girls” as they call themselves, from Amarillo-each a grandmother-would be featured on the program giving tips on how to succeed in online marketing. After all, who would think that two agents-one […]