May 06, 2022Transcript
Lenders will typically require private mortgage insurance (PMI) in most cases where your down payment is less than 20%. PMI protects lenders in case you’re unable to make your payments and typically costs between 0.6% to 1.9% of your loan amount annually.
This information provided is for informational purposes only and does not substitute consultation with a legal, tax or investment professional for important financial decisions. Laurel Road assumes no liability for loss or damage incurred by use of the information provided. Please visit laurelroad.com for full product details, terms and conditions.
All Laurel Road lending products are subject to credit approval.