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April 08, 2007
Avoiding Mortgage
Private Mortgage Insurance, or PMI, is a type of insurance that insures the lender in case the buyer defaults on the loan. The lender, or bank, requires PMI when the buyer has a down payment less than 20% of the asking price of the home. Private mortgage insurance has good and bad points, and there are ways to avoid paying it without putting down the required
From Avoiding Mortgage
Posted by Mel at April 8, 2007 01:05 PM
