Term: Private Mortgage Insurance

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Insurance for conventional mortgage loans that protects the lender from loss in the event of default by the borrower. The type of insurance you’ll pay will depend on the type of loan you have. For a conventional loan, you’ll have PMI and for an FHA loan, you’ll have a Mortgage Insurance Premium (MIP).

Tags: Buying / Selling / Mortgaging

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Disclaimers: LYNK Capital makes loans solely for business purposes (and not for personal or consumer use) and is exempt from licensing in all states in which it operates. LYNK Capital Fund, L.P. does not lend on owner-occupied properties. Listed rates, terms, and conditions are offered only to qualified borrowers, may vary by loan product, deal structure, property state, or other applicable considerations, and are subject to change at any time without notice. No information on this site is intended to, or shall, created a legally binding commitment or obligation on the part of LYNK Capital Fund, L.P. and all terms are expressly subject to LYNK Capital's credit, legal, and investment approval process.