Private Mortgage Insurance

Many home buyers in San Diego end up paying for private mortgage insurance (PMI) as a result of making a relatively low down payment. This is common in expensive housing markets. While PMI increases your monthly payments, it also enables you to buy a home in San Diego sooner rather than later by reducing the amount of money you have to put down up front.'

Private mortgage insurance can be a confusing subject for first-time home buyers. And a lack of knowledge opens the door to misconceptions and misunderstanding. Today, we will address some of the most common "myths" and misconceptions about private mortgage insurance in the state of Washington.'

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.'

There are all sorts of different types of insurance policies out there, but when it comes to mortgages, there’s a unique type of policy that you may have to pay as a homebuyer: private mortgage insurance (PMI). In this article, we’ll explain what PMI is and why you may need it.'