Posts Tagged ‘pmi’

Mortgage Finance Experts: How will the market affect homeowners who will be refinancing next year?

Posted on July 6, 2010, 11:11 pm, by , under Renting & Real Estate.

Kate373 asked: My parents bought their home 4 years ago at a 4% rate, which is due to change next year when their loan rate. With the market crunch and the new strict lending that’s bound to occur as a result of this, they are worried about what refinancing has in store for them. The [...]

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Is there a way to avoid paying outrageous PMI if you plan to finance 100% of a new home?

Posted on January 4, 2010, 10:09 pm, by , under Renting & Real Estate.

Anj asked: My husband and I are planning to purchase a new home in the next couple of months. I know that traditionally, without 20% down payment, banks require you to pay PMI. While I understand the bank’s perspective on this, as a buyer – it seems like money thrown to the wind every month. [...]

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