If you have even a vague idea about what private mortgage insurance is, you probably don't like it. Private mortgage insurance, or PMI, is an interesting concept, and today's column will focus on what it is, why some lenders require it, and how you might be able to avoid it.Savage,...
you’ll likely pay a higher interest rate on your loan than you would otherwise. That, in turn, will affect how much you canafford to payfor a home. If you’ve had problems in the past, you probably don’t want to stretch yourself too thin with significant mortgage payments...
Savage, Henry