Category Archives: pmi

What Does 25 Percent PMI Coverage Actually Mean

Posted on September 3, 2018 by Aaron Gitler

Question?   What does 25 percent PMI coverage actually mean Answer:  25 percent coverage actually means that the MI company will pay out 25 percent of the loan amount and total expenses to the lender when a property goes into foreclosure … Continue reading →

Posted in Fannie Mae, Federal National Mortgage Association, Freddie Mac, home loan, mortgage, pmi | 1 Comment

5 Smart Questions You Should Ask a Mortgage Lender in Chicago Before Doing Business With Them

Posted on April 15, 2018 by Neena Vlamis

Long before you go through your list of smart questions for the mortgage lenders and brokers in Chicago with whom you are considering doing business, it’s important to do your homework. Check customer reviews on Yelp and other review sites. … Continue reading →

Posted in Home Page Blog, How To, mortgage bank, Mortgage banker, pmi | Comments Off on 5 Smart Questions You Should Ask a Mortgage Lender in Chicago Before Doing Business With Them

I have been receiving a lot of questions about FHA Mortgage Insurance Premium, Here are Some Answers

Posted on October 31, 2011 by Aaron Gitler

FHA mortgage insurance is similar to the private mortgage insurance (PMI) required for conventional mortgages with down payments below 20%, but key differences exist: Up-front Fees: 1% up-front fee due at closing. Rate: For fixed rate loans, there is an … Continue reading →

Posted in a and n mortgage, Chicago, commercial loan, conventional mortgage, credit history, down payment, FHA, fixed rate loan, lending, MIP, pmi, PMI premiums, refinance | Comments Off on I have been receiving a lot of questions about FHA Mortgage Insurance Premium, Here are Some Answers

The FHA Mortgage Insurance Premium

Posted on October 17, 2011 by Neena Vlamis

FHA mortgage insurance is similar to the private mortgage insurance (PMI) required for conventional mortgages with down payments below 20%, but key differences exist: Up-front Fees: 1% up-front fee due at closing. Rate: For fixed rate loans, there is an … Continue reading →

Posted in a and n mortgage, FHA, FHA Loan, FHA Mortgage Premium, MIP, Mortgage banker, pmi | Comments Off on The FHA Mortgage Insurance Premium