Finance Articles
Develop Your Domain Names
Website Exposes Dirty Little Secret of Private Mortgage Insurance (PMI)
Palm Coast, FL (PRWEB) November 1, 2007 -- Go.Toby.com (http://www.GoToby.com), the popular real estate news and information website for Palm Coast, Flagler County, and Northeast Florida posts an article revealing the workings of the Private Mortgage Insurance (PMI) industry (full article) (http://www.gotoby.com/news.php?id=243). While PMI does allow a borrower to purchase a home with less than 20% down, it exists almost entirely for the benefit of the lender. "What you don't know about PMI can hurt you," says Toby Tobin, Publisher.
"PMI occurs behind closed doors, where the borrower can't see what's going on," says Tobin. Borrowers are disclosed only the premium amount, for which they are responsible. They have no knowledge or say in what type and amount of Mortgage Insurance is purchased or from whom. Neither are they privy to alternative premium or coverage options. The policy and insurer are selected by the lender, solely for their own benefit. In fact, the type and amount of insurance payable to the lender can potentially work against the borrower should they need a loan work-out or short sale alternative when facing a foreclosure.
Meanwhile, the borrower foots the bill for the PMI policy. Lenders also place restrictions on the ability of the borrower to cancel their policy when the loan amount is reduced to 80% of the sale amount. "In a time when practically every eventuality of a real estate transaction has to be disclosed, the lender's lobby has done a great job of keeping this under wraps," says Tobin.
About GoToby.com LLC:
GoToby.com (http://www.gotoby.com) is the popular on-line news source for Palm Coast and Flagler County Florida's residential and commercial real estate markets, offering news, commentary, newsletters, articles, property listings, recent sales, and interesting rumors.
Contact:
Don "Toby" Tobin, Publisher
GoToby.com LLC
(386) 931-7124
###
Other Article Sites
findabook.com moneycd.info a-mortgage.info
about-lemon-laws.info aboutstudentloans.info
all-about-publishing.info auctions-articles.info bestcollege-university.com bestispconnection.com
biblefolder.com blogger-website.com books-used.info brokers-guide.info buywindows.info cable-dsl.info
career-miner.com carpel-tunnel.info cashinaflash.info cashloanreviews.info casinobell.com chat-house.info
clearmycredit.info collegeloantips.info crones.info depression-articles.info
dirnic.net dishguides.info
divers-below.com expodog.info
financewizz.com fire-insurance.info getgood.info handleit.net
it-idea.info
health-supplies.info hosting-right.com insidealert.com insurance-facts.info jobs-employment.info
justgood.info lookgold.net
lowcost-travel.info money-source.info myhostzone.info numisblog.com
peoplesearchfinder.info pr-articles.info realeas.com
refinancing-guides.info spyware-remove.info
telelot.info the-law.info
toppaid.info travel-deals.info travelcorrect.com wedding-guide-site.com
your-blog.info your-credit.info
Real Time Hot Mortgage Leads
The fresher the lead, the better the quality, so it makes sense that Real-Time mortgage leads are the hottest they come. Think about it, mortgage borrowers looking to refinance or do some home improvements find a broker that is looking to give them a great rate, perfect match?
Return On Investment Calculation Worksheet Shows Plants How The Impact Of Doubling The MTBF Of Rotating Equipment Will Affect Their Bottom Lineour Hea
The Return On Investment Calculation Worksheet, an Excel spreadsheet module, allows users of pumps and motors to quantify the effectiveness of bearing isolators when applied to rotating equipment. Available only from Inpro/Seal, once completed, it allows plants to calculate their own ROI (return on investment) relative to the use of bearing isolators, including benchmarks of current repair costs and the effect of doubling the reliability of their rotating equipment.
A Bad Credit Mortgage May Be Just What The Doctor Ordered
A bad credit mortgage gives borrowers with a poor credit history the opportunity to not only buy a home or refinance their current mortgage but the best opportunity to raise their credit rating over time. In most instances, whenever you apply for any type of financial product like a mortgage, the lending institution will pull your credit report.
Credit After Bankruptcy - Getting A Mortgage With Seller Financing
After a bankruptcy, getting approved for a mortgage loan is possible. However, those who apply for a mortgage should anticipate higher rates. To avoid this common pitfall, many choose to delay buying a home until their credit score increases. If you are eager to buy a home, there are other options available that may not involve high interest rates.
Banking Without A Face
Cash in the Community
Asia's Biggest Mining Investment Event Grows in 2008
The Infoshop (http://www.the-infoshop.com/conference/asiamining/) has announced Terrapinn Ltd.'s 4th Annual Asia Mining Congress 2008, taking place April 7-11, 2008 at the Raffles City Convention Center, Singapore.
Mortgage Reduction Solutions
USA ECONOMIC CONDITIONSToday's sluggish economy has left millions of people struggling to financially make ends meet. Lou Dobb's coined phrase "Assault on the Middle Class" continues.
Rubinstein & Rubinstein Launches Domestic and Offshore Investment Fund Practice
Rubenstein & Rubenstein, LLC announces new investment fund practice for their domestic and international clients.
Refinancing Your Home Mortgage - Get Up To 125% Cash From Your Homes Value
With the low interest rates being offered by lenders today, now can be the perfect time to refinance your existing mortgage. Remember that you do not have to refinance your home through the same lender that provided your initial mortgage.
Imperial Finance & Trading, LLC Adds to its National Sales Account Executive Team
Imperial Finance & Trading, LLC, a leader in premium finance for life insurance, announces the addition of two account executives to its sales team.
CLS Investment Firm, LLC (CLS) Selects Capital Cities Asset Management (CCAM) for Tactical Research Contract
Capital Cities Asset Management (CCAM) announced today that CLS Investment Firm, LLC (CLS) has chosen CCAM to provide strategic research for CLS clients in select management strategies. The arrangement allows CLS to strengthen its portfolio lineup as they add expert analysis and opinion regarding sector, style, and international rotation strategies.
Planning Your First Home Mortgage
It isn?t a simple task to buy your home on a mortgage, especially so if it is your first home. Homebuyers find it very intimidating to take over such a huge responsibility, and that too spanning over so many years. To add to the problem, the language and terminology used by the mortgage lenders, realtors and title companies is nothing short of an alien tongue to the first time mortgage buyer. All this taken together makes buying your home on a mortgage quite a scary proposition.
Biotech Finance Prodigy Sets Sights on New Music Label, Providence Records LLC
From Behemoth Biotech to Beautiful Ballads: Kevin Vass, a finance employee at Amgen, takes his business skills to the world of music by starting a record label to launch his wife's debut crossover classical album.
Finance And Investment In Los Angeles, CA
The locus of downtown Los Angeles is the Financial District, situated near to the construction at Bunker Hill. The district is mostly comprised of corporate office skyscrapers, hotels, banks, law firms, and real estate organizations.
People Skills Training: Are You Getting A Return On Your Investment?
One of the reasons I got involved in multi-source (360-degree) feedback technology over ten years ago was the frustration I experienced as a management consultant. A typical assignment had me creating and presenting a customized leadership development program. I worked hard on these projects, conducted some first-rate training and was well paid for my efforts. The problem was, while the courses were well received, they had little or no impact. In a few weeks, most participants returned to their comfortable but ineffective habits. At first I blamed myself. Over time, however, I discovered that the problem wasn't me. It had to do with the very nature of "soft skills."
