The term Aeolian describes the process of wind erosion, deposition, and how it is transported. It also has to do with the deposits that wind leave behind, such as sand dunes. A sand dune is an elongated mound of sand formed by wind or water. In this paper we are only going to look at wind made dunes.
PMI rates vary, but may range between 0.3% and 1.2% of the loan amount on an annual basis. Your rate will depend on several factors, including: 1  Size of your down payment. 2  PMI will cost less if you have a larger down payment (and vice versa).
While youâll have to pay PMI for a conventional loan with a down payment of less than 20%, you'll still be able to take advantage of today's low mortgage rates and affordable home prices in many parts of the country. Once you've built equity of 20% in your home, you can cancel your PMI and remove that expense from your monthly payment