PMI

Mortgage insurance, unlike home owners insurance, is a necessary evil for most mortgage programs when you have less than 20% equity or down payment. It’s true that some lenders, that don’t work with Fannie Mae or Freddie Mac, don’t require any mortgage insurance but those lenders usually offer higher interest rates to compensate. If you […]

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If you are like most home owners you hate the idea of your hard earned money going down the drain with monthly mortgage insurance payments.¬†And with so many homeowners defaulting on their mortgage payments over the last few years (google “housing crisis 2008 to 2011“) private mortgage insurance companies, and FHA alike, have raised their […]

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