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Exclusive home loan insurance, or PMI, is generally called for with many standard (non government backed) mortgage programs when the down payment or equity placement is less than 20% of the home worth. BPMI enables customers to get a mortgage without needing to provide 20% deposit, by covering the lending institution for the added threat of a high loan-to-value (LTV) home loan. On the various other hand, it is not necessary for proprietors of personal houses in Singapore to take a home loan insurance.