Mortgage insurance is a type of insurance that protects the mortgage lender in case a borrower defaults. Private mortgage insurance is required on conventional loans when the borrower puts down ...

Many mortgages do offer buyers the opportunity to put down a lower amount, but you will have to pay for mortgage insurance. PMI protects the lender in the event that you default on your primary ...

A downside of a down payment below 20% is that a buyer will need to pay private mortgage insurance possibly every month for several years. If you’re wondering what PMI is, here's an introduction ...

Private mortgage insurance (PMI) is a type of insurance for mortgage loans that lenders may require borrowers to obtain. It protects lenders from borrowers who fail to make the loan payments.