I'm buying a house to rent out. I can only come up beside 10% for a down payment. Everywhere that i appointment tells me that they do not proffer PMI insurance on rental property and that I would have to come up beside 20% down payment. Does anyone know of a company that offer PIM insurances on rental property? PLEASE HELP!
Answers: It's not a private coverage you can buy.
With the recent sub prime mortgage crisis, that extra 10% is going to keep you out of a standard mortgage - and most sub-prime lenders won't touch you, any.
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Answers: It's not a private coverage you can buy.
With the recent sub prime mortgage crisis, that extra 10% is going to keep you out of a standard mortgage - and most sub-prime lenders won't touch you, any.
Resolved Questions: