Posts Tagged ‘private mortgage insurance’

January 8, 2024

When the FDIC, OCC, and Federal Reserve proposed the Basel III Endgame, we took notice…and we didn’t like what we saw one bit. So PMI Rate Pro decided to speak up.

December 23, 2023

The 2008 financial crisis reshaped the mortgage market landscape, prompting a collective effort from all mortgage market participants to protect the industry against market downturns. The past fifteen years have witnessed substantial enhancements and updated regulatory requirements, significantly reinforcing the mortgage finance system, as outlined by this Nov. 2023 U.S. Mortgage Insurers White Paper. Private […]

May 15, 2023

Private mortgage insurance (PMI) is an insurance policy that protects the lender if a borrower defaults on their loan. It’s usually required for borrowers who make a down payment of less than 20% of the purchase price of their home. The cost of PMI varies depending on factors such as credit score, loan type, loan-to-value ratio, and debt-to-income ratio.

September 21, 2021

As a loan officer who is always working for your clients and trying to assist them with the best possible rate when it comes to Private Mortgage Insurance, you understand the challenges and pushback that often come with PMI. Because of preconceived notions surrounding PMI, it’s often difficult to get borrowers to truly understand all […]

September 21, 2021

Preparing to become a homeowner is satisfying and an exciting financial milestone for anyone. However, the home buying process is complex and full of curveballs, making it one of the most challenging feats. Once you settle to buy a home mortgage insurance, you may end up facing various obstacles to hinder you from buying your […]

July 17, 2020

Millennials, if you’re thinking about buying a home… just do it.  Buying a home is one of the biggest financial decisions that most of us ever make, so in some ways it makes sense why young people’s first instinct isn’t running to the bank. A data point from the Federal Reserve underscores the differences between […]

June 9, 2020

Did you know you can save homebuyers thousands of dollars by presenting them with a single-premium mortgage insurance option? Single-premium private mortgage insurance can save homebuyers thousands of dollars by allowing them to pay for the entirety of their PMI upfront. Most loan officers know PMI as a monthly amount that is added to the […]