Tag Archives: home loan

Avoiding PMI – Private Mortgage Insurance

PMI – a recurring, monthly, unwelcome guest. It sounds similar to and is about as welcomed as a similar acronym. PMI is private mortgage insurance. This insurance policy is paid for by the homebuyer when the amount of their primary mortgage is greater than 80% of the value of the property. You will note that the term “primary mortgage” was used. This is for a specific reason. It is not the total of all mortgages and home […]

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