Private Mortgage Insurance

A mortgage loan lender requires Private Mortgage Insurance (PMI) protection when risk of home loan defaulting is high, generally when the mortgage loan is greater than 80% of the purchase price of the house. In PMI, borrower pays the insurance premium and lender receives the benefits.
Articles

Old Trends Returning-Private Mortgage Insurance Back in Vogue
Throughout the start of 2007 there have been many changes in the lending market in California, as well as the rest of the United States. While some loan programs are going away other programs are being introduced to fulfill the same purpose while at the same time providing both consumers and lenders a safer lending environment. Certainly there may be lag time where loan programs are not available to fulfill the needs of certain consumers.

Mortgage Life Insurance: Tips To Help You Get The Cover You Need
Term life insurance is an important basic in your financial planning but what is often more essential is funds to speicifically cover your mortgage. Instead of taking a large chunk of a term life insurance payout to cover any outstanding mortgage, it is better to specifically cover it with mortgage life insurance.

Find Out How You Can See The Cost Of A Lenders Mortgage Insurance
How do you know whether you need to worry about lenders mortgage insurance (LMI)? Generally, if your home loan amount is greater than 80% of the value of the property, you will need LMI. This means your lender is covered if you happen to miss a repayment. To cover yourself during any period you miss payment because of injury, illness or unemployment, you would need mortgage protection insurance.

Payment Protection Insurance isn't protecting consumers
Payment Protection Insurance was originally created to help protect consumers in financial difficulties, but now it seems that consumers need protection from PPI.

Consumers need protection from payment protection insurance
The FSA has fined a mortgage broker in a landmark case concerning the widespread mis-sale of payment protection insurance policies to UK consumers

Explaining 80/20 Mortgages
This type of loan offers a means to avoid paying private mortgage insurance (PMI).

80/20 Mortgages Explained
This type of loan offers a means to avoid paying private mortgage insurance (PMI).

When Can You Terminate Private Mortgage Insurance?
Learn the ins and outs of cancelling your private mortgage insurance.

What is Private Mortgage Insurance?
Learn the ins and outs of private mortgage insurance...

Mortgage Payment Protection Insurance 11 Top Tips
Considering Mortgage Payment Insurance? Check out these 11 Top Tips – you'll find them invaluable.

Loan cover – watch out for Payment Protection Sharks
Around 50% of borrowers get Payment Protection Insurance for their loan. It would appear that many are being ripped off. This article investigates the pitfalls and the solutions.

Mortgage Protection – easing your biggest concerns
Most homeowners have life insurance to repay their mortgage if they were to die. But death is only one of many risks. What other risks threaten your mortgage and how can they be offset? This article investigates and offers some solutions.

Get Private Mortgage Insurance
Learn about private mortgage insurance.