Mortgage Insurance, often referred to as PMI, is extra insurance that mortgage lenders require from homebuyers who obtain loans that are more than 80 percent of their new home's value. In other words, buyers with less than a 20 percent down payment are normally required to pay PMI.
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Scott Engle Realty Source Ph: 619-258-1000 Ext.5 - Fax: 619-342-2620
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El Cajon, CA 92021 www.scottengle.com
