Members of What Is PMI? Private Home Mortgage Insurance Coverage, Explained.
What Is PMI? Private Home Mortgage Insurance Coverage, Explained.
Lender paid private mortgage insurance, or LPMI, resembles BPMI except that it is paid by the lender and also built right into the rate of interest of the home mortgage. LPMI is normally an attribute of lendings that claim not to need Home loan Insurance for high LTV car loans. Consumers erroneously believe that private home mortgage insurance policy makes them special, yet there are no personal services offered with this type of insurance coverage.