Ultimate Dictionary of Real Estate & Mortgage Terms
We've created this glossary of common real estate and mortgage terms to help you become well versed with the terminology you'll encounter during your loan origination process. Scroll down to view the glossary or select the first letter of the word from the list below...
What is Private Mortgage Insurance (PMI)?
Private mortgage insurance, or “PMI,” gets a bad reputation. However it's often undeserved! PMI is much more cost effective now than in years past due to rate competition between PMI providers. While some banks and direct lenders are captive to only one...
Chris Mason, Loan Officer
