Homebuyers that can't afford to put 20% down on the purchase price of their new home often opt to take out private mortgage insurance (PMI) with their lender to help seal the deal. This insurance protects the lender from a default, and can add more than $100 to a monthly mortgage payment.
Refinance Your Loan
Firefighters with a high interest rate on their mortgage and PMI might qualify for a mortgage refinance that could not only reduce...
