What is PMI? Archives - Market Mad House

daniel June 24, 2021June 24, 2021 20% down payment requirement, Benefits of Paying PMI, Borrower-paid (BPMI), Cost of Private Mortgage Insurance, Lender-paid (LPMI), Loan-to-Value Ratio, PMI, private mortgage insurance, Private mortgage insurance rates, Types of PMI, What is PMI?, When do you need to buy private mortgage insurance?

When do you need to buy private mortgage insurance?

In the case that you default on the loan, the private mortgage insurance provider will pay back the lender. It is important to understand that PMI does not protect you from foreclosure.