Private mortgage insurance is something that homeowner’s hate to pay. Why should you have to make the payments on the mortgage and insure the bank’s risk at the same time with insurance? Shouldn’t they be on the hook for some sort of risk as well? While it is a point of contention among many homeowners, [...]

Right now, the government may be supplementing down payments for many first time homebuyers, but those that are not first time buyers can still get homes financed with small down payments because of Private Mortgage Insurance or PMI. If you want to purchase a home with less than 20% down, PMI or Private Mortgage Insurance [...]