Kiritsis & Associates
Kiritsis Law Group 212 922 0005
By: John Kiritsis, Esq., CPA, MBA, MS, JD, LL.M
Generally, private mortgage insurance, refers to a mortgage guaranty insurance, which protects a lender, against debtor default. Typically, a private mortgage insurance, is payable to the lender and/or the entity, with the pool of securities that were used to take out the mortgage loan. The monthly payments often vary, based in terms of loan amount involved and default risk assessment. Pending changes in tax laws, could influence an owner’s ability to deduct monthly insurance payments. A piggyback loan, could be a way to avoid or provide an alternative to a private mortgage insurance. There are some controversial arguments by some, that assert that the existence of private mortgage insurance, has an enabling effect on predatory lending; this notion is based on the idea that buyers who are required to pay private mortgage insurance are more likely to default, and thus they have to essentially pay higher fees. A private mortgage insurance (PMI) is often called a lender’s mortgage insurance (PMI). Another potential use of PMI is that it may bolster a trench of a mortgage backed security (MBS) during the securitization process.
Law Offices of Kiritsis & Associates
Phone # 212 922 0005
Manhattan Office (Main Office):
633 Third Avenue
New York, NY 10017
Brooklyn Office (By Appointment Only):
1023 74th Street
Brooklyn, NY 11228
New Jersey Office:
7309 Ventnor Avenue
Ventnor, NJ 08406
ATTORNEY ADVERTISING. PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME.
We hope you would find this website useful with regards to finding potentially relevant information for your legal issue. The Law Offices of Kiritsis & Associates PLLC is a boutique Law Firm Group headquartered in Midtown Manhattan, with offices in Manhattan, Brooklyn (NY) and New Jersey. We strive to provide professional legal services for individuals and various business entities. Our clientele ranges from including aspiring entrepreneurs, startups to established business organizations.
We offer flat fee prices for many of the practice areas provided listed throughout our website. For more information on the topic you may be interested, or simply to find out how our law Firm Group can help, you may click at any of our site's links.
We are available for existing and potentially new clients 7 days a week -- via online, phone and/or in person.
Intellectual Property Disclaimer(s):
The materials available through this website and any other websites owned by John Kiritsis (individually and collectively, the "Website") are the property of John Kiritsis and his entities, and are protected by copyright, trademark and other intellectual property laws. You may not use, reproduce, download, store, post, broadcast, transmit, modify, sell or make available to the public content from the Website without the prior written approval of John Kiritsis. Be aware that any unauthorized use of John Kiritsis trademarks and copyrighted content for commercial purposes in violation of John Kiritsis's intellectual property rights will be vigorously enforced. All other trademarks, service marks and trade names referenced in this site are the property of John Kiritsis.