What does PMI mean in Mortgage?

This page is about the meanings of the acronym/abbreviation/shorthand PMI in the Business field in general and in the Mortgage terminology in particular.

Mortgage Insurance

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Definition

What does PMI mean?

Mortgage insurance
For information on insurance guaranteeing payment of the mortgage in the event of death or disability, see mortgage life insurance.Mortgage Insurance (also known as mortgage guarantee and home-loan insurance) is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer. The policy is also known as a mortgage indemnity guarantee (MIG), particularly in the UK.

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"PMI." Abbreviations.com. STANDS4 LLC, 2024. Web. 23 Apr. 2024. <https://www.abbreviations.com/term/1670063>.

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