Posts Tagged ‘PMI’

Will I have to pay PMI forever?

Monday, June 22nd, 2015

The majority of homeowners when purchasing a house will hear the term “PMI”. “PMI” is private mortgage insurance. Homeowners purchasing a house with less than 20 percent down will most likely have to buy private mortgage insurance — PMI. The purpose of this insurance is to cover the lender in case you default, and it […]