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Private mortgage insurance (PMI) is an extra expense that conventional mortgage holders have to pay lenders each month. It typically applies to borrowers whose down payment on a home is less than ...
If you put less than 20 percent down on your home with a conventional mortgage, you’re probably familiar with PMI, or private mortgage insurance. It’s a surcharge that adds to your monthly ...
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If you can put down at least 20 percent on the home purchase, you’ll also avoid having to pay private mortgage insurance (PMI) each month. It’s an additional surcharge built into your mortgage ...
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