private mortgage insurance (PMI)
GPTKB entity
Statements (20)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:insurance
|
| gptkbp:abbreviation |
gptkb:PMI
|
| gptkbp:appliesTo |
mortgage loans
|
| gptkbp:benefit |
lender
|
| gptkbp:canBeCancelledWhen |
loan-to-value ratio reaches 78%
|
| gptkbp:commonIn |
gptkb:United_States
|
| gptkbp:compatibleWith |
gptkb:VA_loans
FHA loans |
| https://www.w3.org/2000/01/rdf-schema#label |
private mortgage insurance (PMI)
|
| gptkbp:offeredBy |
private insurance companies
|
| gptkbp:pays |
borrower
|
| gptkbp:premiumType |
annual
monthly upfront |
| gptkbp:purpose |
protect lender against borrower default
|
| gptkbp:regulates |
gptkb:Homeowners_Protection_Act
|
| gptkbp:relatedTo |
mortgage insurance
|
| gptkbp:requires |
down payment is less than 20%
|
| gptkbp:bfsParent |
gptkb:mortgage_insurance_premium_(MIP)
|
| gptkbp:bfsLayer |
6
|