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Private mortgage insurance is a type of insurance you may be required to pay for when you take out a conventional home loan. If you’re buying a home, lenders require PMI as part of a.
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Ask 5 Questions Before You Refinance to a shorter mortgage mortgage masters Group What the Heck Is PMI? Mortgage Masters Group PMI stands for private mortgage insurance. If you can’t put down at least 20 percent when you’re buying a home, your lender will make you buy it.
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Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if you have a conventional loan. Like other kinds of mortgage insurance, PMI protects the lender-not you-if you stop making payments on your loan.
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PMI, also known as private mortgage insurance, is a type of mortgage insurance from private insurance companies used with conventional loans. Similar to other kinds of mortgage insurance policies, PMI protects the lender if you stop making payments on your home loan.