Borrower Risk

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January 1, 1 6 min read Definitions
Private Mortgage Insurance (PMI)
PMI Mortgage Insurance Real Estate Home Buying Lenders Borrower Risk
Private Mortgage Insurance (PMI) is a type of insurance specifically designed to protect lenders in case a borrower defaults on a mortgage. It is often required for homebuyers who seek a conventional loan with a down payment of less than 20%.
Read more about Private Mortgage Insurance (PMI).

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