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How To Calculate PMI (Private Mortgage Insurance) and How PMI Works?

00:00 In this episode, we’re talking about PMI. 00:20 What does PMI stand for? PMI stands for Private Mortgage Insurance. These come into play with conventional loans. When you have a conventional loan, that is it’s private, non-governmental, this is the insurance that covers these loans. 01:25 When do you use PMI? It’s for a loan that ...

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