Why pay PMI?
What is Private Mortgage Insurance (PMI) and why might you have to pay it.
Home » Private Mortgage Insurance
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Stay Away! PMI!
What do you need in equity to avoid or eliminate PMI. Yes if you have PMI today or are financing you might be able to lower or eliminate Private Mortgage Insurance (PMI). Watch this video and learn the ins and out of PMI.
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Which is best 2nd mortgage or PMI?
If you are putting down less then 20% or if you have less then 20% equity you have a decision to make. Learn which option is best for you. You’re looking at mortgage financing, whether purchase or refinance, and you’re Loan to Value will be over 80%. Now you need to decide if you are better off with mortgage insurance (PMI or MIP) or with a second mortgage? Let’s talk about that. On a second mortgage you may have a lower payment and really that is pretty much the extent of the benefits of a second mortgage. Most people find [...]
