Contact Information
Mel Byrd Copper Rose Realty 6601 E. 22nd Street Tucson, AZ, 85710
Office: 520-250-7437 Cell: 520-250-7437
Buyer Resources
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Is PMI always required on low-down home loans? |
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Is PMI always required on low-down home loans?
A growing number of private lenders are loosening up their requirements for low-down-payment loans. But private mortgage insurance, or PMI, usually is required on loans with less than a 20 percent downpayment. The Homeowners Protection Act states PMI must be dropped on any loan originated after July 29, 1999 IF it has a 78 percent loan-to-value ratio.
Questions about Tucson East Arizona Real Estate?
Ask us below or Call us Now at 520.250.7437
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Last Updated ( Wednesday, 30 July 2008 )
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