It happens all of the time – a borrower qualifies for a loan based on his credit, LTV, and income; even his debt-to-income ratio qualifies, until the Private Mortgage Insurance is added into the mix. When that pesky monthly fee is added because you did not put 20 percent down on the home, your debt Read more
Unique Reasons to Opt for Lender Paid Home Loan Insurance
Lender paid mortgage insurance is getting more attention these days. It did not use to be a common scenario because rates used to be so much higher than they are today. With the lower rates we are able to obtain, we can afford for it to be bumped up a quarter percentage or even a half of a Read more
When is Lender Paid Mortgage Insurance not a Good Idea?
If you put less than 20 percent down on the purchase of a home, you are going to have to pay Private Mortgage Insurance, but it is not as simple as you might think. You have options when it comes down to how you pay the insurance. There is no getting around having it in one form or another, but you Read more
