Private Mortgage Insurance (PMI) is an insurance policy that protects mortgage lenders from certain losses in the event of foreclosure on your loan. If you are refinancing your mortgage with less than 20% equity your lender may require that you purchase private mortgage insurance. PMI does absolutely nothing for the homeowner, it only protects the [...]
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My name is Robert Regehr and I’m a personal finance blogger with a chip on my shoulder for banks and mortgage brokers that take advantage of my friends and neighbors.
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