PMI

Benefits of Private Mortgage Insurance for Washington Home Buyers Benefits of Private Mortgage Insurance for Washington Home Buyers
May 10, 2023
Home buyers in Washington often view private mortgage insurance (PMI) in a negative light. They see it as something to be avoided at all costs. And that's understandable. After all, PMI does increase the size of your monthly payments. It's only natural to shy away from something that causes you to spend more money on your housing costs. But private mortgage insurance also provides some major advantages for home buyers across the state of Washington. We've touched on some of these benefits in previous articles and reports. Today, we will take a closer look at how Washington home buyers can actually benefit from having PMI.'
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How Much Down Payment For My New Home in WA State How Much Of A Down Payment Should I Make On My New Home in WA State?
September 23, 2022
There are a lot of steps that people need to take when buying a home. One of the most common issues that people discuss is the down payment. Most banks will require a down payment so that they aren’t the only ones taking on the risk of buying a home. The common question people have is how much of a down payment they should apply.'
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Ways To Avoid Mortgage Insurance in WA State 4 Ways To Avoid Mortgage Insurance in WA State
November 24, 2021
When you are buying a home, you may run into a number of hurdles to complete the purchase. One of the items that you may be asked to purchase is called private mortgage insurance, often shortened to PMI. This is a unique insurance policy that your lender, such as the credit union or bank, may ask you to buy in order to protect themselves. In this insurance policy, the bank protects themselves against losing money if you end up defaulting on your loan.'
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More Evidence of How PMI Eases the Down Payment Burden in Seattle More Evidence of How PMI Eases the Down Payment Burden in Seattle
March 22, 2022
It can be tough to come up with a large down payment to buy a home in Seattle. But private mortgage insurance can ease that burden, and this article will explain how. '
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Report PMI Helped Thousands of Home Buyers in Washington State Report: PMI Helped Thousands of Home Buyers in Washington State
May 3, 2022
It can be tough to gather up enough funds to come up with a down payment for a home. But with a special type of insurance, you may find it easier to qualify for a mortgage.'
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Using a First and Second Mortgage Loan to Avoid PMI Using a First and Second Mortgage Loan to Avoid PMI
March 2, 2021
Summary: This article is part of an ongoing series that covers some of the most common mortgage financing strategies used by home buyers. Today, we’ll look at how some borrowers combine a first and second mortgage loan when buying a…'
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