PMI is usually required on conventional home loans for which the down payment is less than 20 percent. When one thinks of “mortgage insurance” some will think of a type of life insurance that if you die, the mortgage on your house is paid off for the benefit of the survivors. Private Mortgage Insurance, known […]
How to remove PMI from your Mortgage Payment
Duane Duggan, with the Boulder Property Network at RE/MAX of Boulder, sits down with Jessica Shanahan of Premier Lending to discuss the hot topic: How to remove PMI. What does PMI stand for? What is the main thing PMI accomplishes for the borrower? What are the steps that need to be taken in order for […]