05/27/2023
Marguerite Travis - Insight Group Real Estate
(C) 601-720-8928 (O) 769-300-2651
Who needs private mortgage insurance?
There are two types of mortgage insurance: private and government. If you have a government-backed loan, such as an FHA loan, you pay mortgage insurance to the government. If your loan is not government-backed, you pay private mortgage insurance (PMI) to a corporate entity.
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Source: Realtor.com | By Craig Donofrio