Massachusetts First-time Homebuyer Options to Avoid PMI
Massachusetts first-time homebuyers that are making less than a 20 percent down payment have mortgage options to avoid having to pay monthly mortgage insurance, sometimes referred to as PMI [Private Mortgage Insurance]. Borrowers that have the cash can pay the PMI upfront. There also are lender paid mortgage insurance options [LPMI] and specific loan programs that allow for a low down payment without having to pay PMI. [http://www.buyersbrokersonly.com/buyi...]