What Is Private Mortgage Insurance (PMI)? In short, PMI is: “An insurance pol…
What Is Private Mortgage Insurance (PMI)? In short, PMI is: “An insurance policy that protects the lender if you are unable to pay your mortgage. It is required for all conforming, conventional loans that have down payments less than 20%. Once you’ve built equity of 20% in your home, you can cancel your PMI and remove that expense from your mortgage payment.” Let me help eliminate the “scary stuff” out of the process of buying a home. www.LeeHarkinsRea…
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