top

Mortgage Glossary

Private Mortgage Insurance (PMI)

Mortgage insurance provided by a private mortgage insurance company to protect lenders against loss if a borrower defaults. Most lenders generally require MI for a loan with a loan-to-value percentage (LTV) in excess of 80 percent.

View the Mortgage Glossary

Search for something...

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.