Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about private mortgage insurance: | |||||||||||||||||||||||
Canceling Private Mortgage Insurance (1)
November 6, 2000 "Is it true that if my house appreciates to where I have 20% equity, I can have my mortgage insurance cancelled?" "My lender refuses to cancel my mortgage insurance because [Fill in the blank with any of a dozen reasons]. Is this legitimate ... more... Canceling Private Mortgage Insurance (2) January 22, 2001 "I was told that under Federal legislation passed in 1999, private mortgage insurance is cancelled automatically at some point -- borrowers don?t have to do anything. Is that right." Yes. Under one provision of that law, lenders are required to ... more... |
|||||||||||||||||||||||
private mortgage insurance related definitions |
|||||||||||||||||||||||
Private Mortgage Insurance, PMI
Private Mortgage Insurance, PMI Loans with an LTV over 80% may require Private Mortgage Insurance (in some cases 75% or 70% when refinancing). If you do not have a 20 percent down payment, lenders will allow a smaller down payment. With the smaller down payment loans, however ... more... Mortgage Broker Mortgage Broker A company or a qualified person that obtains mortgages for borrowers by finding lending institutions, insurance companies or private sources to lend the money. If a person, mortgage broker called a loan officer. A mortgage broker works for you, not for the ... more... |
|||||||||||||||||||||||
More about private mortgage insurance What to Know About Refinancing - Eliminate Private Mortgage Insurance Ending Your Private Mortgage Insurance Early Mortgage Glossary - A Glossary of Mortgage Terms You Should Know Mortgage 101: First Time Home Buyers Must Read! 100% Mortgage Financing A Way to Avoid Private Mortgage Insurance Private Mortgage Insurance Your Rights and Responsibilities Home Equity - Let the Market Eliminate Your Private Mortgage Insurance The Evils of Private Mortgage Insurance (PMI) Buying A Home With No Money Down or Bad Credit - PMI Can Make It Easier Expense List for Buying a Home
|
|
||||||||||||||||||||||
|