PMI stands for Private Mortgage Insurance. The purpose of PMI is to protect the lender in the event you fail to make your ...

Types of mortgage insurance The type of mortgage insurance you'll need depends on your loan program. The main types include: Private mortgage insurance (PMI) is a type of mortgage insurance added ...

If you’re unable to make a down payment of 20% or more on a conventional mortgage, there’s a good chance you’ll have to pay private mortgage insurance (PMI). PMI, which is arranged through a ...

Edwin Tan/Getty Images Private mortgage insurance (PMI) and mortgage insurance premiums (MIP) are often required for homebuyers who put down less than 20% on their homes. These insurance premiums ...

If you put down less than 20% of a home's purchase price, though, expect to pay for private mortgage insurance (PMI). PMI is an added expense that can increase the cost of your monthly mortgage ...