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 VA Loans, A Gift from Uncle Sam Mortgage Loans For People With Bad Credit Tips for Buying a New Home Getting 100% Mortgage Financing With a Bad Credit Score Buying a House After Bankruptcy - Finding a Bad Credit Mortgage 1st and 2nd Mortgage Refinance Loan Some Things To Remember While Buying A House For The First Time Do Your Homework - Find the Mortgage That Fits Your Lifestyle and Your Budget Cash Out Refinance - Things to Know About Refinancing Your Mortgage To Get Cash Out Kingsland Saint Marys & Kings Bay Real Estate - VA Mortgage Information For Home Buyers
|
|
||||||||||||||||||||||
|