What Is Private Mortgage Insurance (PMI)? – Maggie Rose, Realtor, Presents South West Florida Luxury Homes

What Is Private Mortgage Insurance (PMI)? – Maggie Rose, Realtor, Presents South West Florida Luxury Homes

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Ask your lender if the loan you are considering requires private mortgage insurance or a mortgage insurance premium (mip). How much PMI costs The cost of PMI depends on your credit score and down payment, but generally it ranges from 0.3 percent to 1.5 percent of the original loan amount each year.

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