Cash-out Refinance | Paula Bonnfant | Mortgage & Home Loan Refinance

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What is the Purpose of PMI? – North Florida Mortgage  · Private mortgage insurance, or PMI, is used to protect conventional loans. When people talk about mortgage insurance, they are often referring to PMI. Here are the other types of PMI you should be familiar with: Borrow-Paid Mortgage Insurance. One of the most common private mortgage insurance policies is borrower-paid mortgage insurance (BPMI).

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