A borrower has 10% to put down but desperately wishes to avoid paying a monthly PMI premium. Which of the following options would not be a way for her to avoid paying this monthly expense?
A. Piggyback financing
B. Above-par pricing
C. Financed MI
D. LPMI
Answer:B
A borrower has 10% to put down but desperately wishes to avoid paying a monthly PMI premium. Which of the following options would not be a way for her to avoid paying this monthly expense?
A. Piggyback financing B. Above-par pricing C. Financed MI D. LPMI