Tag Archive: private mortgage insurance

How to avoid paying for PMI

Mortgage lenders want assurance that when they lend money, it will be paid back. Private mortgage insurance protects lenders in the event you default on your loans.  To help you understand more about PMI, here are the basics: What is PMI?  Private mortgage insurance (PMI) protects lenders if a borrower ...

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Why You Need Private Mortgage Insurance

PMI, or private mortgage insurance, is a necessity most times. If your down payment is less than 20% of the purchase price of the home, then you’ll need to pay for this additional insurance in order to secure a loan for the home. This policy protects the lender if the ...

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