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Laura Filip's Blog

By Laura Filip | Agent in Whitesboro, TX

PMI are you paying it??? All About Texoma, Laura Filip Broker


PMI, also known as Private Mortgage Insurance, is a supplemental insurance policy you may pay for to protect your mortgage lender in the event of your default.  PMI is provided by private (non-government) companies and is usually required when your loan-to-value ratio — the amount of your mortgage loan divided by the value of your home — is greater than 80 percent.  PMI isn’t a bad thing — it allows lenders to accept lower down payments on homes than they would normally be comfortable with.  But you may be paying it unnecessarily!

If you’d like to learn more about eliminating PMI insurance from your mortgage loan, please visit our website at www.greatertexoma.com.

LAURA FILIP
TLF PROPERTIES INC
www.greatertexoma.com

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