PMI

Private Mortgage Insurance. Mortgage Insurance provided by nongovernment insurers that protects a Lender against loss if the borrower Default.

Related Terms: 9 Borrow, Default, Insurance, Insurer, Lend, Lender, Mortgage, Owe, VAT

Other Related Pages: Category: Real_Estate Starting With: P

Additional Related Terms: At par, All or any part, At best, At call, Adjustable life insurance, At risk, Add-on service, Attorney in fact, Adjustable Rate Mortgage, Assignment of mortgage