- Homeowners Have a Friend in the Private Mortgage Insurance Business

Thursday, 08th January 2009

home about authors news books xml feed sitemap privacy contact us

There are 6 users online

Mortgages
Agents and Brokers
Commercial Real Estate
General
Home Buyers
Home Furnishings / Interiors
Home Owners
Home Related Services
International Real Estate
Local Real Estate News
Property Maintenance
Property Sellers
Real Estate Education
Real Estate Industry
Real Estate Investing
Real Estate Law
Rental and Income Property
Retirement-Senior Housing

Our Newsletter

Subscribe
Unsubscribe

Voting Poll

If you had $20,000 to spend, which room would you do a makeover on?
	Bathroom
	Family Room
	Kitchen
	Living Room
	Master Bedroom
	Other Bedroom
	Outdoor Kitchen

Other Resources

For other sources of real-estate news, tips, and information, visit our resources page

Submit an Article

Would you like to have your article posted? Click Here

Homeowners Have a Friend in the Private Mortgage Insurance Business
Added: 01/13/2004 Type: Summary Viewed: 633 time(s) [ Not Rated Yet ]

How would you rate this article: Bad Good Go ť

Printer Friendly Version

Homeowners Have a Friend in the Private Mortgage Insurance Business

The average cost of Private Mortgage Insurance (PMI) is approximately $85.00 a month. It's not the cost that outrages people, it is the fact that they often pay on the coverage long after they have reached 20% equity.

The problem of overpayment was addressed by the cancellation provision of the Homeowners Protection Act 1999, which called for automatic termination once 22% equity was reached.

This law however, does not have a grandfather clause and only helps homeowners who purchased after July 20, 1999.

Homeowners who purchased prior to this date however, do have a friend in the Private Mortgage Insurance business. This company, via their Website, gives homeowners tips and pointers on how to cancel PMI, and is the only company with the "Official Form" for cancellation, endorsed by National Mortgage Association.

For free information on how to cancel PMI, you may visit this Web Site at . . .

http://homebiznet.nu/bwm/index.html

Article Pages: 1

Article Comments

Add Comment |

View All (0)

There are currently no comments for this article.

Advanced Search