Asifa Zia -The Realtor YOU want

20438 Scioto Terrace, Ashburn, VA Under Contract Description Photos Maps & Local Schools Print Brochure Get the Closing Price! Ashburn Homes For Sale Search All Homes For Sale Homes Close to Where You Work

9407 Jack Dr, Manassas Park, VA For Sale Description Photos Maps & Local Schools Print Brochure Follow This Home! Manassas Park Homes For Sale Search All Homes For Sale Homes Close to Where You Work Avoid Foreclosure Free Home Values Free List of Foreclosed Homes For Sale Mortgage & Refinance Presented By: Asifa Zia Realtor Pearson Smith Realty 540-729-3470 Licensed In: VA Schedule a Showing/Request Info $ Click for current price 5 BEDROOMS |

For Sale Description Photos Maps & Local Schools Walk Score Print Brochure Follow This Home! Search All Homes For Sale Homes Close to Where You Work Avoid Foreclosure Free Home Values Free List of Foreclosed Homes For Sale Mortgage & Refinance Presented By: Asifa Zia Realtor Pearson Smith Realty 540-729-3470 Licensed In: VA Schedule a Showing/Request Info $ Click for current price 2 BEDROOMS | 2 (2 full ) BATHROOMS |

When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI) . What is PMI? Freddie Mac  defines  PMI as: An Insurance policy that protects the lender if you are unable to pay your mortgage. Its a monthly fee, rolled into your mortgage payment, that is required for all conforming,  conventional loans that have down payments less than 20%. Once you have builtequity of 20% in your home, you can cancel your PMI and remove  that expense from your mortgage payment.   As the borrowe, you pay the monthly premiums for the insurance policy, and the lender is the beneficiary,   Freddie Mac  goes on to explain that: The cost of PMI varies based on your loan-to-value ratio-- the amount you owe on your  mortga