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Publish Date : 11/1/2007 7:07:00 AM Source : Insurance News Onlypunjab.com Go.Toby.com, the popular real estate news and information website for Palm Coast, Flagler County, and Northeast Florida posts an article revealing the workings of the Private Mortgage Insurance (PMI) industry (full article). While PMI does allow a borrower to purchase a home with less than 20% down, it exists almost entirely for the benefit of the lender. "What you don't know about PMI can hurt you," says Toby Tobin, Publisher. "PMI occurs behind closed doors, where the borrower can't see what's going on," says Tobin. Borrowers are disclosed only the premium amount, for which they are responsible. They have no knowledge or say in what type and amount of Mortgage Insurance is purchased or from whom. Neither are they privy to alternative premium or coverage options. The policy and insurer are selected by the lender, solely for their own benefit. In fact, the type and amount of insurance payable to the lender can potentially work against the borrower should they need a loan work-out or short sale alternative when facing a foreclosure. Meanwhile, the borrower foots the bill for the PMI policy. Lenders also place restrictions on the ability of the borrower to cancel their policy when the loan amount is reduced to 80% of the sale amount. "In a time when practically every eventuality of a real estate transaction has to be disclosed, the lender's lobby has done a great job of keeping this under wraps," says Tobin. About GoToby.com LLC: Contact: |
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The Best Benefit in The Travel Insurance Industry Just Got Better
Publish Date : 11/5/2007 7:25:00 AM TravelSafe Insurance upgrades it's industry-first "Cancel For Any Reason" travel insurance benefit to cover up to 100% of travelers' non-refundable trip cost. SASid and Markel Insurance Company Introduce Short Term Medical Health Insurance for Individuals and Families Publish Date : 11/5/2007 7:23:00 AM SASid, Inc. and Markel Insurance Company announced today that they have joined together to offer short term health plans for individuals and families. PrintsMadeEasy.com Announces Plans for New Line of Real Estate Business Cards Publish Date : 11/3/2007 6:26:00 AM PrintsMadeEasy.com, the global leader in online printing solutions, today announced plans to release a new series of templates and designs for real estate business cards in 2008. Sompo Japan Insurance Company of America Announces Selection of Millbrook and Oracle® Business Intelligence Solution Publish Date : 11/2/2007 7:16:00 AM Millbrook Incorporated is pleased to announce that Sompo Japan Insurance Company of America has selected a solution based on... Life Insurance Opportunities in Qualified Plans to be Focus of Nineteenth Annual Henry A. Deppe Lecture Publish Date : 11/1/2007 7:07:00 AM Five financial experts will participate in Life Insurance Opportunities in Qualified Plans as part of The American College's nineteenth annual Henry A. Lighthouse1 Announces CDH Event of the Year Publish Date : 11/1/2007 7:07:00 AM Lighthouse1, the industry leading provider of consumer driven healthcare administration solutions, announced that Revolution '08, the first Lighthouse1 OnDemand™.... Partners Advantage Insurance Services, Inc. Merges with Maxx Financial Partners, LLC Publish Date : 11/1/2007 7:07:00 AM Partners Advantage Insurance Services, Inc., and MAXX Financial Partners, LLC, announced today the completion of their merger, creating one of the ... Website Exposes Dirty Little Secret of Private Mortgage Insurance (PMI) Publish Date : 11/1/2007 7:07:00 AM Go.Toby.com, the popular real estate news and information website for Palm Coast, Flagler County, and Northeast Florida posts an article revealing ... Silanis Sets the Record Straight on Electronic Contracting Myths Publish Date : 11/1/2007 7:07:00 AM Leading electronic signature provider Silanis Technology has posted a recording of its recent Webcast, "Electronic Contracting - Dispelling the... Employers Tackling Health Care Challenges with 21st Century Benefit Design Publish Date : 11/1/2007 7:07:00 AM A new approach to health care in the 21st century should address the most acute challenges of our time and chart a new course through better use of data, ... Total Results : 3507 More News (Opens in New Window) : [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 Next Page |
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