Is PMI the same at all places?

DDA Mortgage • July 29, 2019

Private mortgage insurance (PMI) is not all the same. PMI has many variables. Know what they are and save on your mortgage.

Did you know different lenders have different PMI rates? This is because PMI stands for "PRIVATE" mortgage interest. So, different companies have different packages.
  • Transcript

    the answer is no they're not all the

    same PMI is different with different

    lenders why is that well because they

    buy it or they have it arranged with

    their in the PMI companies at different

    packages and believe it or not some

    lenders have much lower PMI than others

    we do know that PMI is you know

    calculated based upon your credit score

    and the loan-to-value but even with that

    some of your investors have better

    packages than others so as you're

    shopping interest rates and looking at

    what that rate is you just may want to

    look at that monthly PMI to see if

    there's a difference and I think you'll

    find out that there is and I happen to

    have a lender that has incredible PMI

    payments so if you're looking for a rate

    also look at that PMI if you're putting

    less than 20% down

    I'm didier at didier mortgage have a

    great week



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