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It stands for Private Mortgage Insurance. :))

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Q: What does pmi stand for when buying a house?
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What happens when the homeowner dies and has PMI insurance before the mortgage is paid in full?

PMI has absolutely nothing to do with the death of a home owner. There is no benefit to the PMI in this situation. A Mortgage Life Insurance policy would be of great benefit as it would pay off the mortgage on the house at the death of the homeowner.


Is it best to put 20 percent down on a house?

It is best to put 20 percent down on a house; then you avoid the PMI charge per month.


What does PMI stand for when referring to insurance?

With regards to insurance, the acronym PMI stands for Private Mortgage Insurance. This is an insurace where the borrower of a mortgage pays a premium, but if the borrower defaults, the lender gets the money. This helps protect the lender in cases of larger mortgage values.


Can you refinance a loan that will allow you to Cash Out without having to pay PMI?

this is possible Most of my clients are never put into PMI Pmi is usually placed on with a loan when the purchaser is putting down a very small amount of money PMI is a old loan technique not used very much at all now. So if your question is in regards to PMI I would not expect you to have to pay PMI on a refi. I have plenty of lenders who will not ask for PMI and I avoid it for my clients very easily If you have any more questions give me an e-mail at nora@chapter13refinancing.com


Does PMI pay the forclosed house off?

i believe it does pay the mortgagee, and satisfies it with them, but doesn't absolve you of repayment (what is left after they sell the house).........but i'd call (or read the policy) on your mortgage insurance

Related questions

What happens when the homeowner dies and has PMI insurance before the mortgage is paid in full?

PMI has absolutely nothing to do with the death of a home owner. There is no benefit to the PMI in this situation. A Mortgage Life Insurance policy would be of great benefit as it would pay off the mortgage on the house at the death of the homeowner.


What does PMI stand for?

PMI is an acronym for Point of Maximal Impulse. It refers to the point at which you can feel the systolic impulse of the heart the best. Usually, it is in the left 5th intercostal space in the mid-clavicular line._______________-Pre-marksmanship instructionProject Management Institute


When was PMI Colleges created?

PMI Colleges was created in 1948.


PMI chart on the settlement on Australia?

PMI on Edmund Barton


Is it best to put 20 percent down on a house?

It is best to put 20 percent down on a house; then you avoid the PMI charge per month.


What is a PMI certification and what does it mean to be certified?

A PMI certification is a certification coming from the Project Management Institute, the leading global association for the project management profession. PMI offers a comprehensive certification program for project practitioners of all education and skill levels. There are six credentials available: Certified Associate in Project Management (CAPM), Project Management Professional (PMP), Program Management Professional (PgMP), PMI Agile Certified Practitioner (PMI-ACP)SM, PMI Risk Management Professional (PMI-RMP). PMI Scheduling Professional (PMI-SP)


How do I find an application for buying a House?

How do I find an application for buying a House


What does PMI stand for when referring to insurance?

With regards to insurance, the acronym PMI stands for Private Mortgage Insurance. This is an insurace where the borrower of a mortgage pays a premium, but if the borrower defaults, the lender gets the money. This helps protect the lender in cases of larger mortgage values.


Can you refinance a loan that will allow you to Cash Out without having to pay PMI?

this is possible Most of my clients are never put into PMI Pmi is usually placed on with a loan when the purchaser is putting down a very small amount of money PMI is a old loan technique not used very much at all now. So if your question is in regards to PMI I would not expect you to have to pay PMI on a refi. I have plenty of lenders who will not ask for PMI and I avoid it for my clients very easily If you have any more questions give me an e-mail at nora@chapter13refinancing.com


What is the difference between export house and buying house in textile industry?

one of the difference is that buying house is not responsible for arranging clients but export house is.


Does PMI pay the forclosed house off?

i believe it does pay the mortgagee, and satisfies it with them, but doesn't absolve you of repayment (what is left after they sell the house).........but i'd call (or read the policy) on your mortgage insurance


What does the word carpeting?

somthing that you stand on or buying it