Posted on: 28th Jun, 2008 02:53 am
How do you avoid PMI
Welcome Guest.
If you make a down payment which is more then 20 percent of the LTV then you can avoid Private Mortgage Insurance (PMI). I have made a post on how can you avoid PMI. You can find it at http://www.mortgagefit.com/florida/downpayment-pmi.html#54331
Let me know if you have any more queries.
If you make a down payment which is more then 20 percent of the LTV then you can avoid Private Mortgage Insurance (PMI). I have made a post on how can you avoid PMI. You can find it at http://www.mortgagefit.com/florida/downpayment-pmi.html#54331
Let me know if you have any more queries.
Some lenders also allow for lender paid mi. To qualify you will need great credit and at least 5% down. The rate will be a little higher but not as costly as PMI.
Brian
Brian
If you make a down payment more then 10 or 20 percent. you will avoid the private mortgage insurance. You'd better ask the local mortgage company.