By: Josh Cantwell
I just posted a new article about Private Mortgage Insurance, also known as PMI, and what it is and how to work on a case with PMI.
Click Here to read my latest article
PMI protects the lender in case the borrower defaults on the loan and it also assists more people in buying homes who have less money for a downpayment.
So how does this affect us as real estate investors? If you have a deal with PMI on the loan, the PMI company could have the final say on your short sale and will depend on the amount of the loss and the coverage ratio.
Read more about that here…
Don’t forget to check back for more short sale tips every day this week.