Asked by Manisha Gupta, Phoenix, AZ • Sat Jun 28, 2008
My lender ( A credit Union) are buying PMI for me and they are buying 25% coverage
reducing their exposure to 65%.
The same PMI insurance provider provides 17% coverage which will reduce their exposure to 75% and that will cost me less.
I think they should buy less coverage which is about $16 less per month as I am paying for it and it is not necessary to buy 25% on top of my 10 % down payment.
please advise if they shuld buy less coverage or more?
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