What factors should I consider when deciding whether to choose a loan that requires PMI?
Like other kinds of mortgage insurance,
PMI can help you qualify for a loan that you might not otherwise be
able to get. But, it increases the cost of your loan. And it doesn’t
protect you if you run into problems on your mortgage.
Lenders may sometimes offer low-down payment conventional loans that do not...
Tuesday, 22 March 2016
09:47
Loan Factors
09:43
Private Mortgage Insurance
Private mortgage insurance sounds like a great way to buy a house
without having to save up the cash for a down payment. Sometimes it is
the only – or even the best – option for new homebuyers. However, there
are several reasons would-be homeowners should try to avoid paying this
insurance. In this article, we'll examine the six common problems with
PMI and explore a possible solution that allows...
09:35
Mortgage Contracts Insurance
Contracts
As with other insurance, an insurance policy
is part of the insurance transaction. In mortgage insurance, a master
policy issued to a bank or other mortgage-holding entity (the
policyholder) lays out the terms and conditions of the coverage under
insurance certificates. The certificates document the particular
characteristics and conditions of each individual loan. The master
policy...