Ouch! Why do I have to pay Private Mortgage Insurance?!

August 15th, 2017 by

If your down payment on a home is less than 20%, or if you refinance a mortgage with less than 20% equity, you will be required to pay Private Mortgage Insurance by your lender. What is PMI? Also known as PMI, this insurance policy protects the lender from losing their investment should you end up […]

Comments closed

Archives

Categories



Equal Housing Opportunity

Morrison Real Estate 158 Danforth St., Portland, ME 04102

(207) 879-0303

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2023 Maine Real Estate Information System, Inc. All Rights Reserved.

© Morrison Real Estate 2023. All rights reserved. Much of the information and data contained herein has been gathered from third parties and although deemed reliable should be verified by the buyer and/or the agent prior to purchase. Any information or data that is critical to your buying decision should be independently verified. All dimensions are approximate and not guaranteed.

Privacy Policy