« Back to News & Blog What is Private Mortgage Insurance (PMI) and when do borrowers have to pay this? Posted on January 15, 2021 by QztTgcY7eef95su Share: PMI is required by lenders when a loan is originated and closed with less than a 20% down payment. If you are approved for a mortgage that requires PMI. A mortgage approval does not guarantee qualification for PMI. Post navigation « How do you calculate the Loan to Value (LTV) on your mortgage?How long does it take for me to know if my home loan has been approved or denied? »
