Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.
Private mortgage insurance is insurance that protects your lender in the event that you default on the loan. It is generally required when the amount of your loan exceeds 80% of the value of your property. Theoretically, such a loan has a higher rate of default, and the lender is seeks to minimize their risk.
