|
does PMI benefit the mortgage broker?
| Posted By |
Message |
|
|
does PMI benefit the mortgage broker?
im not familiar with this, just wondering it it does
|
Posted 1/26/07 10:09 AM  |
| |
|
Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
|
Re: does PMI benefit the mortgage broker?
no- PMI is Private mortgage insurance if you put less then 20%- the bank requires it
|
| Posted 1/26/07 10:11 AM |
| |
|
|
|
Re: does PMI benefit the mortgage broker?
oh ok thanks
|
| Posted 1/26/07 10:12 AM |
| |
|
SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
|
Re: does PMI benefit the mortgage broker?
no it has nothing to do with the broker - basically the bank looks at you as a higher risk if you put down less than 20%, so its their way of covering their azzes.
|
| Posted 1/26/07 10:18 AM |
| |
|
Potentially Related Topics:
Currently 812531 users on the LIFamilies.com Chat
|
