The absence of a formal contract of employment does not preclude wrongful dismissal in jurisdictions in which a de facto contract is taken to exist by virtue of the employment relationship. Terms of such a contract may include obligations and rights outlined in an employee handbook.
The rate you receive for your private mortgage insurance will depend on your credit score, the amount of money you have for your down payment, and insurer. But typically the premiums for private mortgage insurance can range from $30-70 per month for every $100,000 borrowed. So, if you bought a home with a value of $300,000, you might pay about $150 per month for private mortgage insurance. On FHA loans, there is an up-front MIP (mortgage insurance premium) and annual premium which is collected monthly.
For a 30-year loan with a down payment of less than 5%, your premiums will be 0.85% (down from 1.35%) of the outstanding balance each year. That cost is typically divided into 12 monthly payments and added to your mortgage payment.Thatâs $850 per year, or about $70 per month, per $100,000 of loan balance.here are smaller and more lenient down payment requirements. Most FHA mortgages require a 3.5% down payment â thatâs $3,500 for every $100,000 you borrow â and the average down payment on an FHA home loan is about 5%, according to Ellie Mae.