when a loan has PMI, 80% of what is insured? the note amount? payoff amount? final judgement?
toozibee -- Not sure I understand your question. When a loan has mortgage insurance the lender is insured against loss from default. The policy can cover up to 100% of the loan amount.
toozibee -- Not sure I understand your question. When a loan has mortgage insurance the lender is insured against loss from default. The policy can cover up to 100% of the loan amount.