PMI

Categories: Mortgage

Since my house doesn’t have the equity it had in 2006, if I refinance I will have to pay PMI. Ironically, when I first purchased my place I didn’t have to pay PMI, so I’m not very familiar. How long will I have to pay PMI? Is there a formula to calculate how much PMI I will have to pay?

By faithful | 05/12/2009 2:48 PM