PMI

Definition

Use PMI in a sentence

Since we did not have 20% equity in our house, we had to pay PMI. This monthly fee covered the bank incase we defaulted.

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I was glad that we had PMI and that was mainly because we would not be hurt by a borrower defaulting, or something bad like that.

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I received the documents today regarding the PMI information that will be part of my contract for the new home I am going to purchase.

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ISM Manufacturing Report On Business prepaid fees