Mortgage 101: What Is Private Mortgage Insurance? (PMI)

http://EverythingFinanceBlog.COM: Carrying a mortgage is customary for most homeowners. It's rare indeed when someone can actually pay cash for a house. It's generally hard enough to come up with the money for a down payment. In fact, it's not all that rare for people to buy a home with very little cash up front -- but when a lender allows someone to take out a mortgage with little money down, they need to protect themselves. That where private mortgage insurance (PMI) comes in.

Read More at: http://everythingfinanceblog.com/2011/04/what-is-private-mortgage-insurance-p...

Category:

Howto & Style

Tags:

• Everything Finance
• private mortgage insurance
• pmi
• real estate
• homes
• houses
• insurance

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