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PMI - What Is It And Should You Avoid It?
Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if you have a conventional loan. Like other kinds of mortgage insurance, PMI protects the lender—not you—if you stop making payments on your loan
Next Step
Get Pre-Approved
Getting pre-approved is the first step in buying a home. By getting pre-approved, you can:
- Focus on your home search, knowing your financing is in Poli’s expert hands.
- Find out exactly what home price you qualify for and shop with comfort
- Improve your chances for homebuying success, since sellers heavily favor offers with pre-approvals from reputable lenders.
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