Private Mortgage Insurance (PMI)
Friday, August 6th, 2010
With private mortgage insurance (PrivateMI), home buyers have the same fixed payments each month. PrivateMI is affordable, predictable, and cancelable. For borrowers who don’t have a 20% down payment, PrivateMI helps them get into their home faster, with less risk than other financing options. And it’s only there for as long as the home buyer needs it, since PrivateMI can usually be canceled once 20% equity is achieved.
PrivateMI — Today’s smart choice.
Learn more at www.privatemi.com.
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Learn about Private Mortgage Insurance (PMI) and how to avoid having to pay for it from Bob Walters, Quicken Loans Chief Economist. Quicken Loans is America’s #1 Online Mortgage Lender, and one of the largest home loan lenders nationwide! For more information, visit http://www.quickenloans.com
Texas Mortgage Info: How your mortgage person structures your loan is more important than the getting a low rate. To get the lowest 30 year or 15 year fixed rate consider avoiding PMI (mortgage insurance) even though these loans have higher rates; they have lower payments.

