What is PMI?

Private Mortgage Insurance (PMI) is a type of insurance that lenders require from borrowers who put less than 20% down on a home.

While some may view PMI as an added expense, it can actually be a good thing for both the borrower and lender.

In this video, we explain what PMI is, how it works, and why it can be beneficial for those looking to purchase a home.

We also explore some of the common misconceptions about PMI and provide tips for managing your PMI payments.

Whether you're a first-time homebuyer or a seasoned homeowner, this video will help you understand PMI and how it can work in your favor.

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