What�s the purpose of Private Mortgage Insurance | How much does it Cost?

The Residential Buyer12 Nov, 2021Business

Lender?s use the loan-to-value (LTV) ratio to limit the risk they take on when financing a property. The lender typically finances 80% of the value of the property, when it comes down to the value of the property, and the borrower would come up with 20% down payment.