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PMI

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  • PMI

    What exactly does PMI mean? And can you ever get rid of it? I have no clue and was asked this the other day. I thought someone on here might know. Thanks

  • #2
    Same problem here. I tried googling it and I just got a variety of garble. I do hope someone will answer...

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    • #3
      Okay, any context on that please, tater?

      I'm tempted to think Private Medical Insurance...

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      • #4
        It was something to do with the mortgage and if I remember right it had to do with their credit rating and that they could get rid of it after about a year. I was thinking it was another type of insurance on the loan because of their rating? I am really not to sure though because I don't know the particulars but this is what I got out of the conversation.

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