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Lender paid private home mortgage insurance, or LPMI, is similar to BPMI except that it is paid by the lender as well as constructed into the rate of interest of the home mortgage. LPMI is normally a feature of lendings that declare not to call for Home loan Insurance for high LTV car loans. Borrowers incorrectly assume that private mortgage insurance makes them unique, but there are no private solutions used with this type of insurance.