What is Private Mortgage Insurance (PMI)?
Thanks Keeping Current Matters

What is Private Mortgage Insurance (PMI)?

What is Private Mortgage Insurance (PMI)?“An insurance policy that protects the lender if you are unable to pay your mortgage. It's a monthly fee, rolled into your mortgage payment, that is required for all conforming, conventional loans that have down payments less than 20%.

Once you've built equity of 20% in your home, you can cancel your PMI and remove that expense from your mortgage payment.” Click here for the entire story



Great post?Michael, thanks for sharing!

回复

要查看或添加评论,请登录

Michael Tessaro的更多文章

社区洞察

其他会员也浏览了