I am a new lender. my first loan shows a purchase price of 298,000. 100% financing. of course, mortgage insurance is required. The mortgage insurance is .85% of the purchase price. should I get this client a loan for 298,000 + the cost of the mortgage insurance? if so, how much should I add (i.e one year, one month)?
How do you show mortgage insurance on a GFE?
Posted in 
Tags: 
What is private mortgage insurance?
#pmi
#lowdownpayment - http://twitter.com/Preside...