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Brad White Coldwell Banker Ed Schlitt 1209 US Hwy 1 Sebastian, FL, 32958
Office: 772-388-6261 Cell: 772-766-2521 Fax: 888-641-9818
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Is PMI always required on low-down home loans? |
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Is PMI always required on low-down home loans?
A growing number of private lenders are loosening up their requirements for low-down-payment loans. But private mortgage insurance, or PMI, usually is required on loans with less than a 20 percent downpayment. The Homeowners Protection Act states PMI must be dropped on any loan originated after July 29, 1999 IF it has a 78 percent loan-to-value ratio.
Questions about Vero Beach Florida Real Estate?
Ask us below or Call us Now at 772-388-6261
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Last Updated ( Tuesday, 29 July 2008 )
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