What is PMI and How Can I Stop Paying It?

What is PMI and How Can I Stop Paying It?

WHAT IS PMI?  PMI stands for Private Mortgage Insurance. PMI is insurance that a lender may require for your home loan if the lender feels you are a risk.  In other words, the insurance is for the lender (i.e., a bank) or a private lender (i.e., a broker). It is...