The ins and outs of PMI
(WorldNews Spain)

Let`s talk Private Mortgage Insurance, or as it`s more commonly known, `PMI.` If you`re buying a house and in the process of obtaining a home loan, chances are good you`ve at least heard the term. Chances are even better you`re acutely aware of PMI if you`re planning a down payment of less than 20 percent, because PMI is the premium you`ll have to pay to insure the lender against loan default. While...