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Private mortgage insurance, or PMI, can help you buy a home faster with less than 20% down. PMI cost depends on your credit rating, loan type and down payment size. PMI can often be avoided when ...
your lender may require you to pay private mortgage insurance (PMI). PMI is a type of mortgage insurance that borrowers have to pay when they take out a conventional loan and put down less than 20 ...
If you’re unable to make a down payment of 20% or more on a conventional mortgage, there’s a good chance you’ll have to pay private mortgage insurance (PMI). PMI, which is arranged through a ...
See how we rate mortgages to write unbiased product reviews. Mortgage insurance is a type of insurance that protects the mortgage lender in case a borrower defaults. Private mortgage insurance is ...
Since PMI can add hundreds of dollars to your monthly mortgage payments, it's worth paying attention to your equity. If you ...
Another benefit over traditional mortgages is that there is no PMI (Private Mortgage Insurance, the monthly insurance fee charged to protect the bank until you reach at least 20% equity).
If you’re like many borrowers who have less than 20 percent of a home’s value in equity or saved for a down payment, you need to know how mortgage insurance affects the cost of buying a home.
Atlantic Union Bank is opening a new branch in Woodbridge and provides information on how to pick the right mortgage for your ...