Sentences with phrase «to purchase private mortgage insurance»

One of the main reasons they suggest waiting is that a buyer must purchase private mortgage insurance if they have less than the 20 %.

You also must purchase private mortgage insurance because you have less than 20 % equity in the home.

Because of the small down payment, the lender required the borrowers to purchase private mortgage insurance through a provider selected by the lender.

If a property purchaser borrows more than 80 % of the property's value, the lender will likely require that the borrower purchase private mortgage insurance to cover the lender's risk.

Also be aware that you may need to purchase private mortgage insurance if you are a less than worthy borrower.

If you do not qualify for a no - money down mortgage loan without purchasing private mortgage insurance, you may want to ask your lender if they offer piggyback loans.

If your down payment is less than 20 %, you may be need to purchase private mortgage insurance.

Private Mortgage Insurance (PMI)- If your down payment is less than 20 percent of the purchase price, your lender will probably also require you to purchase private mortgage insurance (PMI) on your loan.

Borrowers who provide lower down payments are often required to purchase Private Mortgage Insurance (PMI) to make up the difference, which adds to the total cost of the home.

If a 20 percent down payment is not made, lenders usually require the homebuyer to purchase private mortgage insurance (PMI) to protect the lender in case the homebuyer fails to pay.

If your down payment is less than 20 %, you may be need to purchase private mortgage insurance.

Lenders require home buyers with a down payment of less than 20 % to purchase Private Mortgage Insurance (PMI).

Depending on the type of mortgage, the terms of the mortgage, and your down - payment, you may also be required to purchase Private Mortgage Insurance (PMI).

When you buy a home with less - than - stellar qualifications, the mortgage lender may require you to purchase private mortgage insurance, or PMI.

However, if you do decide to purchase private mortgage insurance, it can increase the amount of home loan that you qualify for.

If you finance more than 80 % of the property's value then you may be required to purchase private mortgage insurance (PMI).

However, if you make a down payment that is under 20 percent of the home's sale price, you may be required to purchase private mortgage insurance (FHA insurance or private mortgage insurance).

Most lenders require that you purchase private mortgage insurance for home loans that have a loan - to - value (LTV) percentage more than 80 percent.

Mortgage lenders require borrowers with less than 20 percent down to purchase private mortgage insurance.

If the LTV is high, the lender is more likely to require the borrower to purchase private mortgage insurance.

If you put less than 20 % down on a home, you will have to purchase private mortgage insurance.

If a borrower does not have cash to cover at least 20 % of the purchase price, some lenders will require the borrower to purchase private mortgage insurance to cover against a possible default.

Homebuyers who make down payments less than 20 percent on a home often must purchase private mortgage insurance (PMI) before lenders will approve a home mortgage loan.

The VA - backed mortgage requires no down payment and there is no requirement to purchase private mortgage insurance, which will make your monthly payment lower than with a conventional loan.

The One Mortgage Program does not require home buyers to purchase private mortgage insurance (PMI), sometimes just referred to as mortgage insurance or MI.

If a 20 percent down payment is not made, lenders usually require the home buyer to purchase private mortgage insurance (PMI) to protect the lender in case the home buyer fails to pay.

If a 20 % down payment is not made, lenders usually require the home buyer to purchase private mortgage insurance (PMI) to protect the lender in case the home buyer fails to pay.

Borrowers obtained mortgages from a lender, who required them to purchase private mortgage insurance.

However, if you purchase private mortgage insurance, the down payment requirement can drop to 5 or 10 percent of the purchase price.