If you are asking, "if I have monthly PMI, do I have to make it part of the check I send into my lender?" then the answer is "Yes". As Todd pointed out, the only time I know of it not being part of the monthly payment, if needed of course, is when a lump sum premium is either paid up front or added to the loan balance.
Good luck in your new home.
Bill Parker, Loan Officer
AZ Lic# 09011570
CPA--Licensed, no longer practicing
Legacy Group Lending, Inc.
15333 N. Pima Road, Suite 300
Scottsdale, AZ 85260
(O) 480-993-3080; (M) 602-565-3646; (F) 480-993-3081
MISSION STATEMENT: To create an unbelievably enjoyable experience for my clients, while guiding them through the most important financial transactions of their personal lives. My clients know me as their Mortgage Lender for Life. I truly appreciate your referrals.
If you think it's expensive to hire a professional to do the job, wait until you hire an amateur.
Red Adair, Oil well firefighter