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does PMI benefit the mortgage broker?
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does PMI benefit the mortgage broker?
im not familiar with this, just wondering it it does
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Posted 1/26/07 10:09 AM  |
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Long Island Weddings
Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: does PMI benefit the mortgage broker?
no- PMI is Private mortgage insurance if you put less then 20%- the bank requires it
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| Posted 1/26/07 10:11 AM |
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Re: does PMI benefit the mortgage broker?
oh ok thanks
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| Posted 1/26/07 10:12 AM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: does PMI benefit the mortgage broker?
no it has nothing to do with the broker - basically the bank looks at you as a higher risk if you put down less than 20%, so its their way of covering their azzes.
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| Posted 1/26/07 10:18 AM |
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