What is PMI?
PMI: What is it and why does it matter?  PMI stands for Private Mortgage Insurance, which is typically required when a homebuyer puts down less than 20% on their home purchase. This insurance protects the lender in case the borrower defaults on their loan.  While it may add to your monthly mortgage payment, it can help you become a homeowner sooner!

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Coldwell Banker
3033 Excelsior Blvd #100
Minneapolis, MN 55416