Hüpoteegi kindlustuse esitlus inglise keeles
percent down payment over 15
reduce monthly percent
mortgage payments higher monthly payments
increase in home value
Pros of private mortage
insurance
lower down
payment
protect your lender
save money for
the things you
need
Cons of private mortage
insurance
raises your monthly payment
insurer does not take into account
difference in risk from one mortgagor
(hüpoteekija)
How much does it cost?
$200,000 loan with a
$10,000 down
payment
mortage insurance
$85 a month, or
about $1000 a year
premiums do not
based on individual
default risk
How to get rid of private
mortage insurance?
proof of the current value of the home
must reduce the loan-to-value
ratio(hüpoteeklaenu summa ja
laenutagatisena panditud vara väärtuse
suhe) to 80% or below
How to avoid paying
private mortage
insurance?
large down payment