Tag Archive : Lender paid Mortgage insurance

4 ways to use PMI to beat FHA mortgage insurance with a Conventional Loan

       CONVENTIONAL Loans / FHA, VA & Conventional Related

  When you put down less than 20% of the purchase price, Conventional loans (those backed by Fannie Mae or Freddie Mac) require Private Mortgage Insurance (PMI). Before we look at ways to manage the PMI imposed on you, it’s important to know that (Conventional) PMI is a different animal to the Mortgage Insurance that comes with FHA loans. And…… Read More »