What is PMI (private mortgage insurance)?

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What is PMI (private mortgage insurance)?

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11-26-2007, 11:36 PM

Irish07 Irish07 is offline

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What is PMI (private mortgage insurance)?

Can someone explain to me exactly what this is, and if something happends to me who gets the property? Can i put a benificery on my home and leave it to my mother?

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11-26-2007, 11:36 PM

Ralph N Ralph N is offline

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if you do not put 20% done on a house. your mortgage co will need PMI
if you do not pay mortgage. pmi pays off. then they sell house

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