Private mortgage insurance (PMI) is an insurance product sold by some private insurance companies. PMI protects a lender in case a homebuyer does not or cannot maintain payments on their home loan or mortgage. In other words, PMI protects lenders from loss if a buyer defaults on their loan.

There are four forms of credit insurance: [...]

If you are thinking about applying for a loan, then you should know about the basics before you get started; you will then be better equipped to find the best loan for your needs. Knowing just a few of the facts about loans should help you get on the right track. It is often easy [...]