What the Heck Is PMI? » Mortgage Masters Group

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Private Mortgage Insurance, or PMI, is an insurance policy. It pays the lender back when a loan goes into default. It is paid for by the homeowner but benefits the lender.

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What the Heck Is PMI? 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.. Source: How to dump private mortgage insurance ASAP. Posted by Mortgage Masters Group at 2:18 PM No comments.

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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. Source: What the Heck Is PMI? 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.

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