Rahal Real Estate LLC

Tag: Private Mortgage Insurance

Posted on 05/23/2021
Is Private Mortgage Insurance Required?
Image by StartupStockPhotos from Pixabay In general, if you have less than 20 percent of a down payment for the house you want, you will have to pay private mortgage insurance (PMI). This insurance is a cost to you to protect the lender if you default on the loan. In most cases, it’s better to save the 20...
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Posted on 08/27/2018
How Can I Avoid Private Mortgage Insurance (PMI)?
How Can I Avoid Private Mortgage Insurance (PMI)? You can ask any homeowner-buying and owning a home is expensive. Mortgage payments, property taxes, utilities, and other bills quickly add up. If you want to buy a home but don’t have a large down payment saved, odds are you’ve discovered something called private mortgage insurance (PMI). PMI is an...
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