In This Article Private Mortgage Insurance Why Does PMI Exist? Implications for Homebuyers Author Bryce Nurding Site Owner EstateGather Private Mortgage Insurance Private Mortgage Insurance, commonly referred to as PMI, is a type of insurance that protects lenders in the event a borrower defaults on their mortgage payments....

In This Article Conventional Loans The Conventional Fixed-Rate Mortgage Adjustable-Rate Mortgage Jumbo Loans Author Bryce Nurding Site Owner EstateGather Conventional Loans Conventional loans, also referred to as traditional mortgages, are a financing option where funds are borrowed from a lender to purchase property, with the property itself serving as...