1. Home & Garden

PMI - Facts About Private Mortgage Insurance

Most lenders require Private Mortgage Insurance (PMI) if you have less than 20% equity in the property. Get the facts about PMI and fin out when and how you can cancel it.

Articles & Resources


Sort By : Guide Picks | Alphabetical | Recent Up a category

Facts About Private Mortgage Insurance, PMI
If you feel there's no chance of saving enough for a downpayment on a home, don't give up. Private Mortgage Insurance (PMI) is an option that may help you get into a home more quickly than you might have imagined.

PMI - FTC Consumer Alert
Read what the Federal Trade Commission has to say about cancelling your Private Mortgage Insurance (PMI).

PMI - How Much Sooner Can You Buy with PMI?
PMI can help you buy a home sooner, since it allows you to close with a lower downpayment. This calculator helps you figure out how long it will take you to save for a downpayment when using PMI.

PMI - Stop Paying Private Mortgage Insurance
Most lenders require Private Mortgage Insurance (PMI) if you have less than 20% equity in your home. If your home value has appreciated, you might have more than 20% equity and not know it. Homegain's calculator helps you determine if you can cancel your PMI.

PMI - What Every First Time Buyer Should Know About PMI
Another excellent overview of PMI basics. By Blanche Evans for Realty Times.

©2012 About.com. All rights reserved.

A part of The New York Times Company.