Private mortgage insurance (PMI) is often required for conventional mortgages with less than a 20% down payment. Learn how PMI is used and how to avoid paying for it.

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 ...

PMI protects the lender if you fail to repay your home loan. For instance, if you put 5% down on your home and then default on the loan, your lender will probably foreclose and sell the property. But ...

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 to a conventional mortgage ...

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 ...

There’s more than one type of mortgage insurance, and the most common varieties include private mortgage insurance (PMI) on conventional loans and mortgage insurance premiums on FHA loans.

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