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  2. Private mortgage insurance (PMI): What it is and how it works

    www.aol.com/finance/private-mortgage-insurance...

    A mortgage insurance premium (MIP), is a type of mortgage insurance that comes with a Federal Housing Administration (FHA) insured mortgage. This includes an upfront premium, typically paid at ...

  3. Lenders mortgage insurance - Wikipedia

    en.wikipedia.org/wiki/Lenders_mortgage_insurance

    Lenders mortgage insurance. Lenders mortgage insurance ( LMI ), also known as private mortgage insurance ( PMI) in the US, is a type of insurance payable to a lender or to a trustee for a pool of securities that may be required when taking out a mortgage loan. Its purpose is to offset losses in the case where a mortgagor is not able to repay ...

  4. Mortgage insurance - Wikipedia

    en.wikipedia.org/wiki/Mortgage_insurance

    Mortgage insurance (also known as mortgage guarantee and home-loan insurance) is an insurance policy which compensates lenders or investors in mortgage-backed securities for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer.

  5. Mortgage insurance vs homeowners insurance: what’s the ...

    www.aol.com/finance/mortgage-insurance-vs...

    Mortgage insurance, also known as private mortgage insurance (PMI), is typically required for borrowers who make a down payment of less than 20 percent when purchasing a home.

  6. What Is Mortgage Insurance? A PMI Primer - AOL

    www.aol.com/news/mortgage-insurance-pmi-primer...

    Unlike most insurance policies you purchase, private mortgage insurance actually protects someone else -- namely, your lender. If you're a hopeful homebuyer on a tight budget, private mortgage ...

  7. Payment protection insurance - Wikipedia

    en.wikipedia.org/wiki/Payment_protection_insurance

    Payment protection insurance ( PPI ), also known as credit insurance, credit protection insurance, or loan repayment insurance, is an insurance product that enables consumers to ensure repayment of credit if the borrower dies, becomes ill or disabled, loses a job, or faces other circumstances that may prevent them from earning income to service ...

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