Home
E-Mail

PMI Financial Glossary

What is it? Private Mortgage Insurance; privately-owned companies that offer standard and special affordable mortgage insurance programs for qualified borrowers with down payments of less than 20% of a purchase price.

Finance Term Definition Added By: Will

The PMI definition has been viewed 3309 Time(s)!




Send To Friends!

If you'd like to send the PMI definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -


We hope you now understand the meaning of PMI. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Real Estate Settlement Procedures Act (RESPA) is A Federal law that, among other things, requires lenders to provide home mortgage borrowers with estimated loan closing costs and other disclosures.

Financial Term Title Search is The process of examining all relevant records to confirm that the seller is the legal owner of a property and that there are no liens or other claims outstanding.

Financial Term Acceleration Clause is Language in a lease that secures payments for the full term of the lease.

Financial Term Sushi Bond is Eurodollar bonds issued by Japanese corporation.

Financial Term London Interbank Offered Rate (LIBOR) is LIBOR is the rate international banks charge each other, and varies among the participating banks and throughout each business day reflecting global economic conditions. Standard LIBOR index rates (averages, fixed at a specific time each day) are published for various maturity terms.