![]() ![]() “An insurance policy that protects the lender if you are unable to pay your mortgage. ![]() What is Private Mortgage Insurance (PMI)? With the large number of mortgage programs available that allow buyers to purchase a home with a down payment below 20%, you can never have Too Much Information (TMI) about Private Mortgage Insurance (PMI). When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts.
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