Author: Emily Parker

Buying a home doesn’t always wait for perfect timing. Maybe rent keeps rising. Maybe your family needs more space. Maybe you finally found the house. Then the lender mentions something called private mortgage insurance, and suddenly the numbers feel heavier than expected. If PMI has you confused, annoyed, or second-guessing your plans, you’re in the right place. Let’s break this down calmly and clearly. What Is Private Mortgage Insurance (PMI)? Private mortgage insurance (PMI) is an insurance policy required on conventional mortgages when you put down less than 20% of the home’s purchase price, or when you refinance and have…