All Entries Tagged With: "Refinance"
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 [...]
Ashley | Jun 11, 2009 | Comments 0
Mortgage Loan Discount Points
Last week I had a close friend ask to for me to explain whether or not it would be worth it to them to pay points on his new mortgage loan. I thought that I would relay the message, that I prepared for him, to you.
A mortgage discount point is simply prepaid interest. A point is 1% of [...]
Ashley | Jun 07, 2009 | Comments 0
