PMI is a type of insurance that protects the lender, not the borrower, in case the homeowner defaults on a conventional loan.

This article was first published on NerdWallet.com. Buying a home usually has a monster obstacle — coming up with a sufficient down payment. You can put less than the traditional 20% down payment but ...

When purchasing a home with a conventional loan, you might be required to pay for private mortgage insurance (PMI). This is generally the case if your down payment doesn’t meet a certain threshold of ...

A new toxic trend, PMI, is set to take over the world of dating next year. Here’s how to spot it and stop it in its tracks before it ruins your next fling. The early days of a new fling are filled ...

Buying a new home comes with many additional costs — one being private mortgage insurance (PMI) for home purchases with less than a 20% down payment on a conventional loan. This insurance protects the ...

Dreaming of buying a home? If you don’t have a 20% down payment on the home’s purchase price, lenders will require you to get private mortgage insurance. Private mortgage insurance protects the lender ...