Plus, there is no monthly mortgage insurance payment associated with loans with a down payment less than 20 percent of the sales price. (valoancaptain.com)
You may want to do a «cash - in» refinance and pay down your mortgage balance to eliminate private mortgage insurance payments or to qualify for a lower mortgage rate. (shoprate.com)
One of these benefits is the lack of an additional mortgage insurance payment for borrowers who are able to make a 20 % down payment. (pennymacusa.com)