Contact Information

Richard
Richard Martin Realty
1920 E. Rochelle Rd
Palm Springs, Ca, 92262
Office: 760-416-7777
Cell: 760-578-8472
Email Me
Lic. #: 01212139
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Palm Springs Houses Under $500,000
                                 Over $500,000
Palm Springs Condos Under $250,000
                                 Over $250,000
Palm Springs Luxury $800k to 1.2m
                                 $1.2M to 2.0M
                                 $2.0M PLUS

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.
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Last Updated ( Wednesday, 30 July 2008 )
 
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