What is PMI (Private Mortgage Insurance) & Everything You Need to Know About it

A family unpacking boxes in their new home they just moved into.

For first-time homebuyers, PMI can seem like just another cost, but it actually helps you get into a home without needing a massive down payment. Think of it as a safety net for the lender in case you can’t make your mortgage payments. In this article, we’ll break down all the details about what PMI … Read more