Easily secure affordable private mortgage insurance & avoid high-risk premiums 2025
Introduction: Private Mortgage Insurance (PMI) is an insurance policy that protects lenders from financial loss if a borrower defaults on their mortgage. Generally, lenders require PMI when a buyer’s down payment is less than 20% of the home’s purchase price, as this higher loan-to-value ratio (LTV) represents increased risk for lenders. For the borrower, PMI … Read more