If you’re buying a home for sale in Riverview and using a loan to do it, you may have to learn about private mortgage insurance, or PMI. What is PMI? Private mortgage insurance (PMI for short) is a type of insurance that protects your lender in the event that you don’t make your monthly mortgage […]
You may be wondering what PMI is and how you know when you need to purchase it.
Below is the short version of what you need to know.