What is the meaning of Mortgage Insurance (MI or PMI)?

mortgage insurance > mi or pmi
Subtopics: MI, MIP or PMI, Private Mortgage Insurance - PMI 

Insurance needed for mortgages with low down payments (usually less than 20% of the price of the home).

Barry Goldsmith
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APABarry Goldsmith. (2010). mortgage insurance (mi or pmi). Retrieved October 1, 2026, from http://smartdefine.org/mortgage_insurance_(mi_or_pmi)/definitions/1158481
ChicagoBarry Goldsmith. 2010. "mortgage insurance (mi or pmi)" http://smartdefine.org/mortgage_insurance_(mi_or_pmi)/definitions/1158481 (accessed October 1, 2026).
HarvardBarry Goldsmith 2010, mortgage insurance (mi or pmi), Smart Define, viewed 1 October, 2026, <http://smartdefine.org/mortgage_insurance_(mi_or_pmi)/definitions/1158481>.
MLABarry Goldsmith. "mortgage insurance (mi or pmi)" 21 October 2010. Web. 1 October 2026. <http://smartdefine.org/mortgage_insurance_(mi_or_pmi)/definitions/1158481>