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When Do You Need Mortgage Insurance? And How Much Is It?

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    PMI (Personal Mortgage Insurance) is required when the loan amount is more then 80% of the homes value.  It protects the lender in case of default.  The monthly amount is determined by your balance and what the percentage over the 80%.
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    Cashfinder  

    answered 6 months ago

      Immediately and at least 100,000 dollars on my self and the wife
      0 0
      Guest

      Guest  

      answered 5 months ago

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