While it may seem second-nature to realtors, lenders, and others in the industry, navigating the homebuying process can be overwhelming and confusing, particularly for first-time homebuyers. It can feel like a foreign language and it’s often easy for misconceptions to take root. This includes the characterization of private mortgage insurance, which helps first-time buyers and working families become homeowners years sooner and reduces the cash due at the closing table by tens of thousands of dollars.

Prospective homebuyers deserve the facts and the full picture of what private mortgage insurance (MI) may mean for them. Looking at the facts rather than details ⇒

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