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More Latins calling Barrie Home
According to Statistics Canada, there are a large number of people with Latin backgrounds living in Barrie.... read more
Is PMI always required on low-down home loans?

Is PMI always required on low-down home loans?

A growing number of private lenders are loosening up their requirements for low-down-payment loans. But private mortgage insurance, or PMI, usually is required on loans with less than a 20 percent downpayment. The Homeowners Protection Act states PMI must be dropped on any loan originated after July 29, 1999 IF it has a 78 percent loan-to-value ratio.
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Lina Garcia Sales Rep. Sutton Incentive Realty Inc. *Brokerage
linagarcia@rogers.com
www.barriefamilyhomes.com  www.casaenbarrie.com 
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