Private Mortgage Insurance (PMI)
Insurance that protects the lender, not you, which you usually pay on a conventional loan when your down payment is less than 20 percent of the price.
More in home loans, or see the full glossary.
Insurance that protects the lender, not you, which you usually pay on a conventional loan when your down payment is less than 20 percent of the price.
More in home loans, or see the full glossary.