pmi

listen to the pronunciation of pmi
Französisch - Englisch
mother and child protection
small and medium industries
Englisch - Englisch
Private Mortgage Insurance; privately-owned companies that offer standard and special affordable mortgage insurance programs for qualified borrowers with down payments of less than 20% of a purchase price
Private mortgage insurance
Abbreviation for 'Private Mortgage Insurance' which insures the lender against any loss arising from the borrower's default (non-payment) on the loan PMI is usually required when the borrower's down payment or equity is less than 20% PMI is the private sector equivalent of FHA insurance on government loans
Insurance required on conventional loans with less than a 20% down payment to protect the lender from possible default on the loan
A private mortgage insurance policy that enables the homebuyer to obtain a mortgage with a lower downpayment than would otherwise be available from lenders
(Private Mortgage Insurance) For mortgages more than 80% of sales price, lenders require that their money is insured against foreclosure Normally escrowed into your payment
Private Mortgage Insurance; privately-owned companies that offer standard and special affordable mortgage insurance programs for qualified borrowers
Private Medical Insurance
Abbreviation for "Private Mortgage Insurance" which insures the lender against any loss arising from the borrower's default (non-payment) on the loan PMI is usually required when the borrower's down payment or equity is less than 20% PMI is the private sector equivalent of FHA insurance on government loans
Private mortgage insurance required as part of the monthly payment in loans less than 80% loan to value (less than 20% downpayment)
Insurance against a loss by a lender in the event of default by a borrower The insurance is similar to insurance by a governmental agency such as FHA or VA, except that it is issued by a private insurance company The premium is paid by the borrower and is included in the mortgage payment
Private mortgage insurance, as distinguished from insurance provided by government under FHA and VA
Required on virtually all conventional loans with less than 20% downpayment Although the payments for PMI are included in your mortgage payment, it protects the lender should you default on the loan On FHA loans, you will pay a MIP (Mortgage Insurance Premium) which accomplishes the same purpose
Private Mortgage Insurance - In the event that the loan amount exceeds 80% of the value of the home, it is necessary to have PMI on the loan All lenders do not require this, but usually they do if they follow the FNMA, FHLMC guidelines for loan approval This insurance protects the lender from loss due to the borrower defaulting on the loan
Insurance provided by a private company protecting the lender against loss in the form of a percentage of the loan amount which can be financed
Private Mortgage Insurance Insurance that protects an investor in case of loan default; required on all urban loans with a loan to value greater than 80% and rural loans with a loan to value greater than 90%
Insurance against a loss by a lender in the event of a default by a borrower (mortgagor) The insurance is similar to insurance by a governmental agency such as FHA, except that it is issued by a private insurance company The premium is paid by the borrower and is included in the mortgage payment
Abbreviation for ‘Private Mortgage Insurance’ which insures the lender against any loss arising from the borrower’s default (non-payment) on the loan PMI is usually required when the borrower’s down payment or equity is less than 20% PMI is the private sector equivalent of FHA insurance on government loans
Private Mortgage Insurance, required on conventional loans, protects lenders when borrowers default
Private Mortgage Insurance - In the event that you do not have a 20 percent down payment, lenders will allow a smaller down payment, as low as 3 percent in some cases With the smaller down payment loans, however, borrowers are usually required to carry private mortgage insurance Private mortgage insurance will usually require an initial premium payment and may require an additional monthly fee depending on your loan's structure After the equity in your property increases to 20 percent, you no longer need the insurance Do not confuse this insurance with mortgage life insurance! Back to Top
Private Mortgage Insurance, which protects the lender in case of default by the borrower PMI is often used to allow buyers to obtain financing with less than a 20% down payment
Insurance from FHA to the lender against incurring a loss on account of the borrower's default This is usually added into the monthly mortgage payment paid by the borrower and is usually necessary when more then twenty percent of the property is borrowed Also known as Private Mortgage Insurance
Abbreviation for private mortgage insurance: insurance issued by a company, which insures the lender against loss in the event that the borrower defaults on the mortgage
Acronym for Private Mortgage Insurance (See private mortgage insurance)
Private mortgage insurance which protects the lender against default by the borrower Most lenders not insured by the federal government require PMI on low down payment loans
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