Monthly Archives: June 2017

PMI Removal Appraisals

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Private Mortgage Insurance (PMI) allows individuals to purchase their home with less than a 20% down payment. It actually protects the lender or investor in case a borrower stops paying. PMI is a requirement for homeowners who purchase their homes with conventional financing and have put less than 20% down payment. Therefore, PMI is notPrivate Mortgage Insurance (PMI) allows individuals to purchase their home with less than a 20% down payment. It actually protects the lender or investor in case a borrower stops paying. PMI is a requirement for homeowners who purchase their homes with conventional financing and have put less than 20% down payment. Therefore, PMI is not collected for those who purchased their home with down