Tag: PMI

PMI - What It Is and Why It's Important
Posted on 09/23/2019
PMI - What It Is and Why It's Important
Photo by Gino Crescoli via Pixabay Private Mortgage Insurance (PMI) may be a common term in home buying, but not every home buyer understands exactly what it will mean for their finances. This short guide will give you the basics, so there are fewer surprises down the line. What Is PMI? PMI is a type of insurance that...
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Avoiding and Canceling Private Mortgage Insurance
Posted on 07/26/2019
Avoiding and Canceling Private Mortgage Insurance
Applying for a mortgage can be a lengthy and difficult process. Lenders want to know that they are going to get a return on their investment. To ensure that they’ll see that positive return they will take a number of things into consideration, such as your income, credit score, employment history, and financial capital. First-time homeowners often struggle when...
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