Buying a house? You’ll want to get the facts about Private Mortgage Insurance (PMI).
Whenever you’re considering buying a house, it’s best to go into the situation as prepared as you can be. An experienced real estate agent helps, but the knowledge you bring to the table is also essential.
PMI — private mortgage insurance — is one area where buyers often face confusion.
In most cases, there are several ways to improve your loan options: Adding to your down payment, pursuing government loan programs, and, yes, PMI. With personalized advice from your mortgage lender, you can make the right decision.