What is PMI
PMI = Private Mortgage Insurance
PMI is a hidden insurance that lenders require low-down-payment borrowers to take out.
The Insurance protects the lender, not the borrower against default.
Premiums are typically $65.00 to $100.00 a month.
The average term of most PMI policies is 17 years (14 years longer than needed).
Private Mortgage Insurance has nothing to do with life or disability coverage.
In Fact - a Policy is never issued to you! To qualify to drop PMI,
you must have at least 20% equity.
Click on Qualify Analysis to see if you QUALIFY!
Simple ~ Easy ~ Quick ~ Instructions
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