Gibson Sotheby's International Realty
Peggy Farber, Gibson Sotheby's International RealtyPhone: (774) 722-0037
Email: [email protected]

Tag: Private Mortgage Insurance

Posted on 03/15/2021
Is Private Mortgage Insurance Required?
Image by StartupStockPhotos from Pixabay In general, if you have less than 20 percent of a down payment for the house you want, you will have to pay private mortgage insurance (PMI). This insurance is a cost to you to protect the lender if you default on the loan. In most cases, it’s better to save the 20...
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