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The Evils of Private Mortgage Insurance (PMI) Some people will tell you that Private Mortgage Insurance will help you buy a home if you don't have twenty percent for a down payment. These are usually the people selling Private Mortgage Insurance. What is it really and why is it a waste of your hard earned money? [VIEW ARTICLE]Comments RSS Feed For This Article: 
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Subject: PMI response
PMI is not always the "expensive" route to go. Without PMI, we would all still have to put 20% down on conventional mortgages. Make your lender do the numbers EVERY way possible, with and without PMI. Depending on loan to value & credit score, these days PMI may be cheaper than a 2nd mortgage.
Be an educated consumer... find an experienced and educated mortgage lender!