PMI

Also calledAnother term for exercised when an option is a call. In the case of an option on a physical, the writer Private Mortgage InsuranceSee: mortgage insurance.. InsuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." provided to Downeast MortgageIncludes all forms of debt for which real property, that is, land and/or buildings, is given as security. CorporationAn entity established and treated by law as an individual or unit with rights and liabilities, or both, by private institutions to helpHomebuyer Education Learning Program; an educational program from the FHA that counsels people about lessen the riskThis word has two meanings for insurers: (1) the chance of loss such as from a peril; and (2) the person of lossThe occurrence of the event for which insurance pays. on certain loans.

PMI

Private Mortgage InsuranceMoney paid to insure the lender against loss due to foreclosure or loan default. Mortgage insurance; privately-owned companies that offerWhen you make an offer on a house, it means you are making a formal bid to buy a home. You can work standard and special affordable mortgageIncludes all forms of debt for which real property, that is, land and/or buildings, is given as security. insuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." programs for qualified borrowers with down payments of less than 20% of a purchase priceThe amount the borrower paid to purchase a home..