Contact Information
Joyce C. Jeffrey Summit Executive Realty 4530 Barksdale Boulevard, Suite E PO Box: P.O. Box 8341 Bossier City, Louisiana, 71112
Office: 318-747-3117 Cell: 318-208-0470
Lic. #: Licensed in Louisiana USA
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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 Shreveport, Louisiana Real Estate?
Ask us below or Call us Now at 318-747-3117
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Last Updated ( Wednesday, 30 July 2008 )
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