Real Estate

Dazed and Confused: What Kind of Private Mortgage Insurance (pmi) Should You Choose?

So, you’re putting less than a 20% down payment on the house you are buying and you are getting a conventional loan. Your lender has given you the option of paying a monthly private mortgage insurance (PMI) premium or offering you a higher rate where the lender pays it, known as lender paid mortgage insurance (LPMI). …

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