Private mortgage insurance (PMI) is an insurance policy to protect the lender against non-payment of arrears to be your loan. It ‘important to understand that only the primary insurance and loans, the real purpose is to protect your lender, not you. Since the buyer of insurance, you pay a premium, so that the lender is protected. PMI is often required by lenders for the default risk associated with a low claims payment for a higher level. Therefore, the only advantage, and only six low loan payment. Kork, do not ask me how it works and why we need it. I wonder why we have not heard of purchasing managers who need to save a number of underwriters and are required to pay the loan, as well as other issues. Thanks to the response.
Community banks have taken ‘bashing’ that isn’t warranted, local bankers say
A record number of people turned out for the City Club of Central Oregon’s monthly meeting Friday at St. Charles Bend to hear three of Oregon’s most prominent banking officials discuss the state of their shaken industry.Many banks, especially those with operations in Central Oregon, are posting bleak earnings as they work through loan losses tied to real estate development, but continue to lend …
Read more on The Bulletin