PHABâs Five Tier Accreditation Fee Schedule will be published annually. The Initial Accreditation Review Fee is based on services provided by staff, peer reviewerâs travel and training, the subscription to e-PHAB, and the accreditation coordinatorâs in-person training.
Now on a 100,000 loan on a 15 year term at 90% LTV you might be required to have 12% coverage for your PMI (which would equal a PMI payment of $19.17 per month).Therefore, by using a 15 year term vs. a 30 year term you may be able to cut your PMI by less than half.nytime you are over 80% LTV and you are required to pay PMI and you obtain a 15 year fixed rate mortgage, the percentage of coverage required for PMI is significantly lower than the percentage required for a 30 year mortgage.
Once you become a PMP, your next task is to maintain your credential as it is only valid for three years and must be renewed. To renew your credentials, you have to report 60 PDUs to the PMI by the end of the third year. Failing to do so may lead to suspension. One year after suspension, your credentials will expire. Therefore, in this blog post Iâm going to discuss the PDU categories and PMIâs Talent Triangle.