2 Results for tag: How Long Do You Pay Private Mortgage Insurance

How to Get Rid of PMI, or Private Mortgage Insurance

PMI, or private mortgage insurance, is unavoidable for some purchasers. This coverage can add hundreds of dollars to your monthly mortgage payment — and in the event of default, it benefits the lender rather than you. How to get rid of PMI is a common question. However, there is a silver lining: there are numerous options ... More

What Private Mortgage Insurance (PMI) Is & How Much It Costs

When you’re planning to purchase a home, there are plenty of fees and monthly payments that affect your budget. One common fee is Private Mortgage Insurance, or PMI, and it catches many buyers unaware. How Private Mortgage Insurance is Determined If you’re a buyer taking out a conventional mortgage loan, be aware of ... More