May 24, 2021 | Blog, Private Mortgage Insurance, Refinance
If you have been paying for PMI, you are probably looking forward to getting rid of that extra payment on your monthly budget so you can start saving money and see your mortgage payment reduced. While PMI eventually is canceled automatically, there are several options...
May 11, 2021 | Blog, Private Mortgage Insurance, Refinance
What Is Private Mortgage Insurance “PMI”? Private mortgage insurance (PMI) is a type of insurance that a borrower might be required to buy as a condition of a conventional mortgage loan. Most lenders require PMI when a homebuyer makes a down payment of less...