How to Avoid PMI When Buying a Home
Private Mortgage Insurance (PMI) is a type of insurance that protects your lender in the event you stop making payments on your mortgage. It’s not designed to protect you, the homeowner. Lenders typically require PMI on conventional loans when your down payment is less than 20% of the home’s purchase price. While PMI can make […] The post How to Avoid PMI When Buying a Home appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.
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