kiyoshimies
Joined: 16 Jul 2013
Posts: 5
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 Posted: Tue Jul 16, 2013 10:01 am Post subject: Personal Mortgage Insurance.. |
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Private Mortgage Insurance is extra insurance that lenders require from most home-buyers who obtain loans that are more than 80 percent of their new home's value. In other words, buyers with less than 20 percent down payment are normally required to pay PMI.
Keep track of your payments on the principal of the mortgage. When you reach 80% equity, notify the lender that it is time to discontinue the PMI premiums.
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indemnity insurance |
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