Private Mortgage Insurance is provided by a private mortgage insurance company to protect lenders against loss if a borrower defaults. Private Mortgage Insurance is generally required for a loan with an initial loan to value (LTV) percentage in excess of 80%. In most cases, this will mean that you will have to pay Private Mortgage Insurance if your down payment is less than 20% of the value of the home you are purchasing or refinancing. The cost of the mortgage insurance is typically added to the monthly mortgage payment.
Storehouse Mortgage is an assumed business name of Trinity Oaks Mortgage, LLC NMLS #1443326 in the State of Texas. All information contained herein is for informational purposes only. Rates, terms programs shown do not demonstrate all options or pricing structures. This is not an offer to extend credit or a commitment to lend. All loans are subject to underwriting approval. Some products may not be available in all states and restrictions apply. Storehouse Mortgage is an assumed business name of Trinity Oaks Mortgage, LLC NMLS #1443326 in the State of Texas.
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