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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
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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.
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.

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