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Contact Information

Beverly J. Stewart
CityWise Real Estate Service, LLC
650 E. Carmel Dr.
PO Box: 300
Carmel, In, 46032
Office: 317-848-2929
Cell: 317-514-9998
Fax: 317-843-2977
indyhome4u@ameritech.net
http://www.indyhomeliving.com
Lic. #: AB20200023

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Is PMI always required on low-down home loans? | Print |

Is PMI always required on low-down home loans?

A growing number of private lenders are loosening up their requirements for low-down-payment loans. But private mortgage insurance, or PMI, usually is required on loans with less than a 20 percent downpayment. The Homeowners Protection Act states PMI must be dropped on any loan originated after July 29, 1999 IF it has a 78 percent loan-to-value ratio.
Questions about Indianapolis Metrpolitan, Lawrence Township, and Suburban Areas Real Estate?

Ask us below or Call us Now at 317-848-2022
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Last Updated ( Wednesday, 30 July 2008 )
 
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