Private mortgage insurance (PMI)

Private mortgage insurance (PMI)

Insurance written by private companies to protect a lender against loss if the borrower defaults on a mortgage. PMI is often required on mortgage loans with less than 20% down payment.

This is auto-generated content. You can help to improve it.

0 0

Improve it

Add an image

Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Real estate
Category: General
Company: Coldwell Banker
Product:
Acronym-Abbreviation:

Collect to Blossary

Other Languages:

Related terms

private mortgage insurance (PMI)

Business services; Relocation

Paid by the borrower to protect the lender in the case of default. PMI is typically charged to the borrower when the Loan-to-Value is greater than 80%.

Private Mortgage Insurance (PMI)

Financial services; General Finance

Policy protecting the holder against loss resulting from default on a mortgage loan.

private mortgage insurance (PMI)

Real estate; General

Insurance issued to a lender to protect it against loss on a defaulted mortgage loan. Its use is usually limited to loans with high loan-to-value ratios, generally in excess of ...

private mortgage insurance (PMI)

Real estate; General

Insurance written by private companies to protect a lender against loss if the borrower defaults on a mortgage. PMI is often required on mortgage loans with less than 20% down ...

private mortgage insurance (PMI)

Banking; General banking

Insurance offered by a private insurance company that protects the bank against loss on a defaulted mortgage up to the limit of the policy (usually 20 to 25 percent of the loan ...

lymph hearts

Biology; General

Contractile enlargements of vessels that pump lymph back into the veins; found in fish, amphibians, and reptiles.

lungs

Biology; General

Sac-like structures of varying complexity where blood and air exchange oxygen and carbon dioxide; connected to the outside by a series of tubes and a small opening. In humans, the ...

lymphocytes

Biology; General

White blood cells that arise in the bone marrow and mediate the immune response; include T cells and B cells.

lysosomes

Biology; General

Membrane-enclosed organelles containing digestive enzymes. The lysosomes fuse with food vacuoles and enzymes contained within the lysosome chemically breakdown and/or digest the ...