What is PMI and how to remove it from my payment.

PMI stands for Private Mortgage Insurance. It protects the lender against the loss on homes purchased with less than 20% down. Once the equity in the home reaches 20%, the elmination of PMI is as easy as a home appraisal.For more information on PMI  try this link:

http://www.mortgageqna.com/mortgage-insurance/


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