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Forum: Insurance and Finance

12-30-2007, 06:33 PM

Replies: 15

For the mortgage brokers: $200k on $320k requires PMI?

Views: 1,576

Posted By Von Bongo

PMI = Private mortgage insurance.

PMI = Private mortgage insurance.

Forum: Insurance and Finance

12-27-2007, 03:51 PM

Replies: 15

For the mortgage brokers: $200k on $320k requires PMI?

Views: 1,576

Posted By Von Bongo

LTV is based on the lessor of appraised value or...

LTV is based on the lessor of appraised value or sale price.

Therefore he needs to be at 80% or less of the $200K to avoid PMI.

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