LPMI stands for Lender Paid Mortgage Insurance and if used wisely, it can save you money on your monthly mortgage payment.

Over the past several years Private Mortgage Insurance (PMI) has gotten a bad name. There is a now a whole group of first time home buyers who think PMI is evil. That is because we mortgage pros have been placing everyone on these 80/20 deals. Don’t get me wrong, it makes a lot of sense [...]

I attended a presentation today on Mortgage Insurance. The presenter was pretty excited since she believed MI would be making a strong comeback this year. She gave several reasons for this, one of them being the fact that MI is now tax deductible. I challenged her on the tax deductibility part since the provision only [...]