Private Mortgage Insurance

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See also

Pmi in the American legal Encyclopedia

Concept of Private Mortgage Insurance in the context of Real Property

A short definition of Private Mortgage Insurance: Insurance against a loss by a lender in the event of default by a borrower (mortgagor). The insurance is similar to insurance by a governmental agency such as FHA, except that it is issued by a private insurance company. The premium is paid by the borrower and is included in the mortgage payment.

Concept of Private Mortgage Insurance in the context of Real Property

A short definition of Private Mortgage Insurance: Insurance against a loss by a lender in the event of default by a borrower (mortgagor). The insurance is similar to insurance by a governmental agency such as FHA, except that it is issued by a private insurance company. The premium is paid by the borrower and is included in the mortgage payment.