Terry Swanson - Century 21 Results
1 year ago
Decoding Real Estate Jargon: Terms to Know
PMI or Private Mortgage Insurance. PMI is a type of insurance that protects the lender if the borrower fails to make their monthly payments. It's a fee that’s typically paid monthly by borrowers who make a down payment of less than 20%.
PMI or Private Mortgage Insurance. PMI is a type of insurance that protects the lender if the borrower fails to make their monthly payments. It's a fee that’s typically paid monthly by borrowers who make a down payment of less than 20%.
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