Lender-Paid Mortgage Insurance (LPMI) Explained
Introduction: Private Mortgage Insurance (PMI) is often required by lenders when borrowers make a down payment of less than 20% on a mortgage. However, there is an alternative called Lender-Paid Mortgage Insurance (LPMI) that can help borrowers avoid the additional cost of PMI. In this blog, we will provide a comprehensive explanation of Lender-Paid Mortgage …