what is lpmi vs bpmi?Advertisement
Lender Paid Mortgage Insurance (LPMI) ... Potentially larger tax deduction than BPMI 1; Cannot be canceled Premium added to monthly mortgage payment; Potentially higher monthly mortgage payment May be tax deductible 1; May be canceled at a certain point 2; - read more
The two types of private mortgage insurance (PMI) are borrower paid (BPMI) and lender paid (LPMI). Homeowners paying BPMI must transfer it to their new HARP refinance loan. Those paying LPMI must also transfer it or they can have their policy converted to BPMI when refinancing into a new HARP ... - read more
Please vote if the answer you were given helped you or not, thats the best way to improve our algorithm. You can also submit an answer or check other resources.