Posts tagged as:

lender-paid mortgage insurance

August 1, 2008

How to avoid PMI or get rid of it sooner?

A borrower has to pay Private Mortgage Insurance (PMI) only if he cannot make a 20% down payment. So, the ways to avoid the insurance are the ways to find enough cash to be able to pay at least 20% of the price of the property in question. Nowadays, the following options are available: a [...]

February 20, 2008

Lender-Paid Mortgage Insurance (LPMI)

Lender-Paid Mortgage Insurance (LPMI) is one of the ways, along with the Piggyback loan, to avoid the notorious conventional Private Mortgage Insurance (PMI) if you borrow more than 80% of the purchase price while buying yourself a home. To be perfectly honest, you, as the borrower, are the one to pay this insurance anyway. The [...]