Lender Paid or Borrower Paid PMI?
Updated Oct. 24, 2014
Should you select Borrower Paid or Lender Paid PMI?. In most cases, if a borrower is applying for a conventional loan that exceeds 80% of the appraised value, the lender will require some form of Private Mortgage Insurance or PMI. Generally, you will have the option of selecting either borrower paid mortgage...