What is private mortgage insurance (PMI)?

Related FAQs

What is an adjustable rate mortgage cap?
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Does the interest rate on my mortgage change over time?
What is an assumable mortgage?
How is my mortgage rate determined?
What is private mortgage insurance (PMI)?
How does a mortgage broker differ from a lender?
Can I get a mortgage if I am self-employed?
What are the pros and cons of taking out a mortgage?

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