Category Archives: PMI – Mortgage Insurance

Private Mortgage Insurance Explained Options Explained- Boston Mortgage

Private Mortgage Insurance, otherwise known as PMI, is insurance that protects the lender in case the borrower is unable to pay the mortgage. The benefit of PMI to the borrower on a conventional mortgage is that you may typically buy a home with only a 5% down payment instead of the traditional 20%.… more

Dropping The FHA Mortgage Insurance Premium – Past & Present – Boston FHA Loan Insights

All mortgage loans from the Federal Housing Administration require Mortgage Insurance Premiums, which is equivalent to the Private Mortgage Insurance charged by private lenders. In the past, the payment of these premiums could be dropped after a certain period of time, paying off a certain amount of the loan.… more

Avoid Getting Ripped Off – Get a Lower Boston Down Payment for Your House With Private Mortgage Insurance – Boston Home Loans

Who has 20% to put down on a home loan? If you live in Massachusetts, only 18% have that down payment. The rest have to pay PMI (private mortgage insurance).… more

How to Get a Home Loan with No PMI – Boston Mortgage Update

Private Mortgage Insurance (PMI) is required on most mortgages to protect the lender in case the borrower defaults on the loan. If a potential homeowner can’t come up with 20% down, PMI may be required to qualify for a loan.… more