Mortgage & Real EstateSTRATEGIST MAGAZINE
Breaking
Mortgage Rates Hold Steady as Fed Signals Patience on Rate CutsCFPB Issues Updated Guidance on Digital Mortgage DisclosuresMortgage Rates Hold Steady as Fed Signals Patience on Rate CutsCFPB Issues Updated Guidance on Digital Mortgage Disclosures
Mortgage

Mortgage Insurance (MI/PMI)

All Terms

Definition

Insurance that protects the lender if the borrower defaults on the loan. Private mortgage insurance (PMI) is typically required on conventional loans with LTV above 80%.

Related Terms

FHA Loan