Sentences with phrase «need for private mortgage insurance»
They also eliminate any need for private mortgage insurance (PMI) every month.
valoans.com
• No private mortgage insurance: Since the VA backs these loans, there is no need for private mortgage insurance, which traditionally protects the lender against default.
You might also put down 20 % or more when you buy a home, thus avoiding the need for private mortgage insurance.
Without the need for private mortgage insurance the borrower can save a substantial amount of money!
By putting down at least 20 %, you'll also avoid the need for private mortgage insurance (PMI), which is designed to protect the lender in case you default.
Available for borrowers with no down payment, a VA loan offers competitive interest rates, a streamlined approval process and no need for private mortgage insurance (PMI).
No need for private mortgage insurance, which is required for other loan types unless you put down at least 20 percent
Without the need for private mortgage insurance the borrower can save a substantial amount of money!
Added to their savings, the couple made a 20 % down payment, eliminating the need for private mortgage insurance and got a better interest rate, Reinmuth says.
Eliminates the need for private mortgage insurance.
Also eliminates the need for private mortgage insurance.
One of the biggest benefits of this program is that it eliminates the need for private mortgage insurance!