Increase In PMI A Result Of Bad Lender
A homeowner is having difficulty finding out why her PMI is so much more than was stated in the original good faith estimate. The homeowner should file a complaint and use a real estate attorney in the...
View ArticlePMI Changes At Closing
A home buyer received a good faith estimate including an estimated amount for the private mortgage insurance. At the closing, the PMI amount was different. By choosing a different type of loan or...
View ArticleCanceling PMI on Investment Property
With an investment property, as with most other kinds of property, you must pay for PMI (private mortgage insurance) when you don't make a large down payment or have a lot of equity in the property....
View ArticlePMI And Foreclosure Purchase
A couple wants to buy a foreclosed home but is unsure about how PMI figures in. PMI, or private mortgage insurance, reimburses lenders for the balance above 80 percent of the mortgage, if a home...
View ArticleAvoid PMI By Getting A Piggy Back Loan
Sometimes new home buyers do not have 20 percent of the purchase price for the down payment. First time home buyers often have to pay for private mortgage insurance (PMI). A piggy back loan can help...
View ArticleWhen Is PMI Required
Q: I just heard Ilyce on the radio talking to a listener about a house he was purchasing from his parents. She said that he would have to pay private mortgageA Mortgage is a document granting a lien on...
View ArticleTrying to Refinance Upside Down Mortgage
When loanA Loan is an amount of money that is lent to a borrower, who agrees to repay it plus interestInterest is money charged for the use of borrowed funds. Usually expressed as an interest rate, it...
View ArticleGetting Rid Of PMI On Investment Real Estate Investment
Getting rid of PMI on investment real estateReal Estate is land and anything permanently attached to it, such as buildings and improvements. property can be nearly impossible with declining real estate...
View ArticleRefinance Underwater Mortgage After PMI Removed
If you want to refinance an underwater mortgageA Mortgage is a document granting a lien on a home in exchange for financing granted by a lender. The mortgage is the means by which the lender secures...
View ArticleRetiring with a Mortgage: Should You Get Insurance to Cover Unemployment?
When retiring with a mortgageA Mortgage is a document granting a lien on a home in exchange for financing granted by a lender. The mortgage is the means by which the lender secures the loan and has the...
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