All Entries Tagged With: "Mortgage Insurance"

PMI- Private Mortgage Insurance

When applying for a loan and considering “buying” points, you must consider all of the costs associated with your loan, PMI may be one of them.
PMI stands for Private Mortgage Insurance. It is mortgage insurance usually paid by the borrower to protect the lender. 
PMI is required by lenders when you mortgage loan-to-value (LTV) is higher [...]