PMI Question

toobizee profile photo
when a loan has PMI, 80% of what is insured? the note amount? payoff amount? final judgement?

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  • swgprop12th March, 2007
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    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.

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