PMI Links MI Premiums to Counseling

PMI Mortgage Insurance Co., Walnut Creek, Calif., has announced the introduction of a program that offers lower mortgage insurance premiums on loans to borrowers who complete in-depth homeowner counseling sessions.The Home of Your Own program is aimed at promoting "sustainable homeownership" for first-time and low- to moderate-income homebuyers, PMI said. "The Home of Your Own program supports the homebuying process and helps address the affordability issues that prevent many potential buyers from becoming homeowners," said Taia Lockhart, PMI's vice president of expanding markets. "By completing pre- and post-purchase counseling sessions, new homeowners are better prepared to deal with the financial responsibilities involved with homeownership." The company can be found online at http://www.pmigroup.com.