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What Is Private Mortgage Insurance

Posted Under :  Financial < Services
Total Views :  33
  • Posted By : Maria-John
  • Posted Date : September 25, 2020
  • EmailID : semfairway@gmail.com
  • Rating :
  • Total Votes : 0

Description

Private Mortgage Insurance (PMI) is provided through a private mortgage insurance company to protect lenders against loss if a borrower defaults. Most lenders generally require MI for a loan with a loan-to-value (LTV) percentage in excess of 80 percent.

Location : Madison , Wisconsin , 53718



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