Makowski's groups
What Personal Mortgage Insurance Policy Is And How To Prevent It
You do not choose the home loan insurer and you can't bargain the premiums. In other words, when refinancing a house or purchasing with a traditional home loan, if the loan-to-value (LTV) is above 80% (or equivalently, the equity placement is less than 20%), the customer will likely be required to bring personal home loan insurance coverage. It sounds unAmerican, however that's what occurs when you get a mortgage that surpasses 80 percent loan-to-value (LTV).
