Showing posts with label mortgage. Show all posts
Showing posts with label mortgage. Show all posts

Sunday, November 30, 2008

What is mortgage insurance? (PMI)

What is Mortgage insurance? Why am I paying mortgage insurance? If you originally mortgaged more than 80% of the purchase price of your home, you are either paying mortgage insurance (PMI), or you used a combination of two mortgages.

www.choicefinance.net/blog/2007/12/20/what-is-mortgage-insurance-pmi/