Question
Do i need pmi insurance?
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15th Dec 2009 by David Becker
PMI insurance, or private mortgage insurance is insurance that a borrower will usually need if they are not able to afford a down payment for the purchase of their prospective home of 20%. Most mortgage lenders require insurance to cover the difference between the down payment of less than 20% and what can be afforded.
PMI insurance, or private mortgage insurance is insurance that a borrower will usually need if they are not able to afford a down payment for the purchase of their prospective home of 20%. Most mortgage lenders require insurance to cover the difference between the down payment of less than 20% and what can be afforded.
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This answer is the subjective opinion of the writer and not of FinancialAdvisory.com
26th Nov 2009 In Insurance
1 Answers | 96 Views
Subjects: pmi insurance,
