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PMI Mortgage insurance that is provided by a private mortgage insurance company to protect lenders against loss if a borrower defaults. Most lenders generally require PMI for a loan with a loan-to-value (L TV) percentage in excess of 80 percent.
Ãâó: www.sagewoodhomes.com/index.cfm
PMI Insurance provided by nongovernment insurers that protects lenders against loss if a borrower defaults. Fannie Mae generally requires private mortgage insurance for loans with loan-to-value (LTV) percentages greater than 80%.
Ãâó: www.findmyrate.com/learning_center/glossary.php
PMI Insurance issued to a lender to protect it against loss on a defaulted mortgage loan. Its use is usually limited to loans with high loan-to-value ratios, generally in excess of 80%. The borrower pays the premiums.
Ãâó: www.sarasotafloridausa.com/real-estate-terms.html
PMI Private Mortgage Insurance. An insurance contract which insures that the named lender will recover a specific percentage of the loan amount from the insurer in the event the loan goes bad. Many lenders require this on higher percentage loans.
Ãâó: www.patgillespie.com/patgillespie/glossary.htm
PMI Insurance written by a private company protecting the lender against loss if the borrower defaults on the mortgage.
Ãâó: www.ejsmortgage.com/glossary_P.htm
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