📘 Real Estate Terminology Explained: What is PMI?
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📘 Real Estate Terminology Explained: What is PMI?
Heard of PMI but not sure what it actually means? 🤔 Let’s break it down ️ PMI = Private Mortgage Insurance It’s typically required when your down payment is less than 20%. Why? Because the lender wants to protect themselves in case you default. 🧠 The good news? You can remove PMI once you’ve built up enough equity — either ...
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