what is pmi on a mortgage
Private mortgage insurance, also abbreviated as âPMIâ, is a type of mortgage insurance used with conventional loans. Similar to other kinds of mortgage insurance, PMI protects the lender if you stop making payments on your home loan. PMI can be arranged by the lender and provided by private insurance companies.
Private mortgage insurance, also abbreviated as âPMIâ, is a type of mortgage insurance used with conventional loans. Similar to other kinds of mortgage insurance, PMI protects the lender if you stop making payments on your home loan.