{"id":71523,"date":"2026-05-20T12:46:23","date_gmt":"2026-05-20T19:46:23","guid":{"rendered":"https:\/\/www.redfin.com\/blog\/?p=71523"},"modified":"2026-05-20T13:56:08","modified_gmt":"2026-05-20T20:56:08","slug":"what-is-pmi-insurance","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/blog\/what-is-pmi-insurance\/","title":{"rendered":"Private Mortgage Insurance (PMI): What It Is, How It Works, and How to Get Rid of It"},"content":{"rendered":"<p><b><i>Key Takeaways:<\/i><\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">PMI is required on conventional loans with less than 20% down.<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">It adds to your monthly costs but can be removed once you reach 20% equity.<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">You can avoid PMI with a larger down payment, VA loan, or piggyback loan.<\/span><\/i><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If you&#8217;re <\/span><a href=\"https:\/\/www.redfin.com\/blog\/how-to-buy-a-home\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">buying a home<\/span><\/a><span style=\"font-weight: 400;\"> and planning to put down less than 20%, chances are you&#8217;ve come across the term PMI. But what is it, why do you need it, and how much will it actually cost you? Whether you&#8217;re purchasing a <\/span><a href=\"https:\/\/www.redfin.com\/city\/5155\/CO\/Denver\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">home in Denver, CO<\/span><\/a><span style=\"font-weight: 400;\"> or looking at <\/span><a href=\"https:\/\/www.redfin.com\/city\/18142\/FL\/Tampa\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">homes for sale in Tampa, FL<\/span><\/a><span style=\"font-weight: 400;\">, understanding PMI is key to budgeting smart.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this Redfin article, we\u2019ll break down everything you need to know about <\/span><b>private mortgage insurance (PMI)<\/b><span style=\"font-weight: 400;\"> \u2013 including how to avoid it or remove it when the time is right.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-101974\" src=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/06\/shutterstock_2495725641.jpg\" alt=\"charming, classic home\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/06\/shutterstock_2495725641.jpg 1000w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/06\/shutterstock_2495725641-300x200.jpg 300w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/06\/shutterstock_2495725641-768x512.jpg 768w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/06\/shutterstock_2495725641-225x150.jpg 225w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/06\/shutterstock_2495725641-945x630.jpg 945w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/06\/shutterstock_2495725641-450x300.jpg 450w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<h2><span style=\"font-weight: 400;\">What is private mortgage insurance (PMI)?<\/span><\/h2>\n<p><b>PMI<\/b><span style=\"font-weight: 400;\"> stands for <\/span><b>private mortgage insurance<\/b><span style=\"font-weight: 400;\">. It&#8217;s a type of insurance that protects your lender, not you, if you stop making payments on your mortgage.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Lenders require PMI on <\/span><b>conventional loans<\/b><span style=\"font-weight: 400;\"> when your <\/span><b>down payment is less than 20%<\/b><span style=\"font-weight: 400;\"> of the home\u2019s purchase price. While it helps you buy a home with a smaller upfront investment, it adds to your monthly costs.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Why do lenders require PMI?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">PMI reduces the lender\u2019s risk. When you put down less than 20%, you&#8217;re considered a higher-risk borrower. PMI provides the lender a financial safety net in case you default on your loan.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Types of private mortgage insurance<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">There are several types of PMI, and the right one for you depends on your financial situation and lender policies:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Borrower-paid PMI (BPMI)<\/b><span style=\"font-weight: 400;\">: This is the most common type. You pay the premium as part of your monthly mortgage payment. It can be canceled once you reach 20% equity.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Lender-paid PMI (LPMI)<\/b><span style=\"font-weight: 400;\">: The lender pays for the insurance, but you\u2019ll typically get a higher interest rate in return. This type can\u2019t be canceled, removing it requires refinancing.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Single-premium PMI<\/b><span style=\"font-weight: 400;\">: You pay the entire premium upfront at closing, either in cash or financed into your loan. It lowers your monthly payment but carries risk if you sell or refinance early.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Split-premium PMI<\/b><span style=\"font-weight: 400;\">: A mix of upfront and monthly payments. You pay part of the premium upfront and the rest in monthly installments.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Understanding the differences can help you choose the most cost-effective option based on how long you plan to stay in the home and your budget.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">How much does PMI cost?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The cost of PMI depends on a few factors, including your loan amount, <\/span><a href=\"https:\/\/www.redfin.com\/guides\/what-credit-score-is-needed-to-buy-a-house\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">credit score<\/span><\/a><span style=\"font-weight: 400;\">, and <\/span><a href=\"https:\/\/www.redfin.com\/blog\/how-much-down-payment-for-a-house\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">down payment<\/span><\/a><span style=\"font-weight: 400;\">. But here&#8217;s a general idea:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Typical PMI cost<\/b><span style=\"font-weight: 400;\">: 0.3% to 1.5% of the original loan amount per year<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Example<\/b><span style=\"font-weight: 400;\">: On a $300,000 loan, PMI might cost $75 to $375\/month<\/span><\/li>\n<\/ul>\n<p><b>Tip<\/b><span style=\"font-weight: 400;\">: You can sometimes reduce PMI rates by <\/span><a href=\"https:\/\/www.redfin.com\/blog\/how-to-improve-your-credit-score-to-buy-a-house\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">improving your credit score<\/span><\/a><span style=\"font-weight: 400;\"> or putting down more money upfront.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Filip Telibasa, CFP and owner of <\/span><a href=\"https:\/\/www.benzinawealth.com\/\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\"><span style=\"font-weight: 400;\">Benzina Wealth<\/span><\/a><span style=\"font-weight: 400;\">, says many homeowners are surprised by refinance-related costs such as prepaid taxes and insurance, escrow funding requirements, transfer taxes in certain states, and the reality that \u201cno closing cost\u201d refinances still include costs somewhere in the loan structure. He recommends requesting a full Loan Estimate early in the process and comparing the total cash to close rather than focusing only on the monthly payment.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Ways you can pay for PMI?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">PMI can be paid in different ways, depending on the loan and lender:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Monthly premium<\/b><span style=\"font-weight: 400;\"> (most common): Included in your <\/span><a href=\"https:\/\/www.redfin.com\/mortgage-calculator\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">monthly mortgage payment<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Upfront premium<\/b><span style=\"font-weight: 400;\">: Paid at closing<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Hybrid<\/b><span style=\"font-weight: 400;\">: Some paid upfront, some monthly<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Your lender will explain your options during the <\/span><a href=\"https:\/\/www.redfin.com\/blog\/mortgage-loan-process\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">loan application process<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">When and how can you remove PMI<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">PMI isn\u2019t permanent. You can remove it once you\u2019ve built enough equity in your home.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">You can request PMI cancellation when:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You\u2019ve reached <\/span><b>20% equity<\/b><span style=\"font-weight: 400;\"> in your home (based on the original purchase price)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You have a good payment history<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Your mortgage is current<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">PMI is automatically removed when:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You reach <\/span><b>22% equity<\/b><span style=\"font-weight: 400;\"> in your home (if you\u2019re current on payments)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">You can also refinance your mortgage if your <\/span><a href=\"https:\/\/www.redfin.com\/what-is-my-home-worth\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">home value<\/span><\/a><span style=\"font-weight: 400;\"> has increased significantly, allowing you to eliminate PMI sooner.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Telibasa notes that homeowners should evaluate refinancing beyond simply securing a lower interest rate. He says the true breakeven point depends on how long you plan to stay in the home, whether the lower payment meaningfully improves cash flow, and what you plan to do with the savings each month. For some homeowners, investing the difference may create more long-term value than increasing discretionary spending.<\/span><\/p>\n<p><b>Check out our guide:<\/b> <a href=\"https:\/\/www.redfin.com\/blog\/how-to-calculate-home-equity\/\" data-wpel-link=\"exclude\"><i><span style=\"font-weight: 400;\">How Much Equity Do I Have in My Home? Here\u2019s How to Calculate Home Equity<\/span><\/i><\/a><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-102580\" src=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/06\/shutterstock_2315892545.jpg\" alt=\"real estate agent touring couple\" width=\"1200\" height=\"800\" srcset=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/06\/shutterstock_2315892545.jpg 1200w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/06\/shutterstock_2315892545-300x200.jpg 300w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/06\/shutterstock_2315892545-1024x683.jpg 1024w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/06\/shutterstock_2315892545-768x512.jpg 768w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/06\/shutterstock_2315892545-225x150.jpg 225w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/06\/shutterstock_2315892545-945x630.jpg 945w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2025\/06\/shutterstock_2315892545-450x300.jpg 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h2><span style=\"font-weight: 400;\">How to avoid PMI altogether<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Here are a few ways to skip PMI when buying a home:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Put down at least 20%<\/b><span style=\"font-weight: 400;\"> on a conventional loan<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Consider lender-paid PMI (LPMI)<\/b><span style=\"font-weight: 400;\">: The lender covers the insurance but typically charges a higher interest rate<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Use a piggyback loan<\/b><span style=\"font-weight: 400;\">: Take out a second loan to cover part of the down payment<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Explore VA loans<\/b><span style=\"font-weight: 400;\"> (for eligible veterans and service members), which don\u2019t require PMI<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">PMI vs. other types of mortgage insurance<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Not all loans use PMI. When researching <\/span><a href=\"https:\/\/www.redfin.com\/blog\/what-is-mortgage-insurance\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">mortgage insurance<\/span><\/a><span style=\"font-weight: 400;\">, it\u2019s easy to confuse PMI with other similar-sounding terms. Here\u2019s a quick breakdown of the differences:<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Loan Type<\/b><\/td>\n<td><b>Insurance Type<\/b><\/td>\n<td><b>Required If&#8230;<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Conventional<\/span><\/td>\n<td><b>PMI<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Down payment &lt; 20%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">FHA<\/span><\/td>\n<td><b>MIP (Mortgage Insurance Premium)<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Always required, regardless of down payment<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">VA<\/span><\/td>\n<td><b>No PMI<\/b><\/td>\n<td><span style=\"font-weight: 400;\">May require a funding fee<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">USDA<\/span><\/td>\n<td><b>Guarantee Fee<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Similar to PMI, required for all USDA loans<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span style=\"font-weight: 400;\">What&#8217;s the difference between PMI, MIP, and MPI?<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>PMI (Private Mortgage Insurance)<\/b><span style=\"font-weight: 400;\">: Required for conventional loans when your down payment is less than 20%. Protects the lender if you default.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>MIP (Mortgage Insurance Premium)<\/b><span style=\"font-weight: 400;\">: Required for FHA loans. Unlike PMI, MIP is typically required for the life of the loan, unless you refinance.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>MPI (Mortgage Protection Insurance)<\/b><span style=\"font-weight: 400;\">: Optional insurance that pays your mortgage if you become disabled, lose your job, or pass away. This protects you or your family<\/span><b>,<\/b><span style=\"font-weight: 400;\"> not the lender.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Understanding these terms can help you choose the right loan product and avoid unnecessary confusion during the mortgage process.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Is PMI worth it?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">PMI increases your monthly housing costs, but it can be a worthwhile tradeoff if it helps you become a homeowner sooner. This is especially in fast-growing markets, where home prices may rise faster than you can save for a 20% down payment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s not ideal for every buyer, but if you\u2019re financially stable and plan to stay in your home long enough to build equity, PMI can be a short-term cost with long-term benefits.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Pros of PMI:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Buy a home sooner:<\/b><span style=\"font-weight: 400;\"> Avoid waiting years to save a full 20% down payment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Start building equity right away:<\/b><span style=\"font-weight: 400;\"> Rising home values may outpace your savings rate.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>PMI can be temporary:<\/b><span style=\"font-weight: 400;\"> Most borrower-paid PMI can be removed once you reach 20% equity.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Potential tax deduction:<\/b><span style=\"font-weight: 400;\"> PMI premiums <\/span><i><span style=\"font-weight: 400;\">may<\/span><\/i><span style=\"font-weight: 400;\"> be deductible (consult a tax advisor).<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Cons of PMI:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Added monthly cost:<\/b><span style=\"font-weight: 400;\"> Can range from $75 to $375\/month or more, depending on your loan.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Doesn\u2019t protect you:<\/b><span style=\"font-weight: 400;\"> PMI covers the lender, not the borrower, in case of default.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b style=\"font-style: inherit;\">Harder to remove in some cases:<\/b><span style=\"font-weight: 400;\"> For example, lender-paid PMI (LPMI) requires refinancing.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PMI insurance protects lenders\u2014not borrowers\u2014but it\u2019s often required if you put down less than 20%. Learn how PMI works, costs, and how to remove it.<\/p>\n","protected":false},"author":562,"featured_media":101974,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[34276],"tags":[34642],"coauthors":[34346],"class_list":["post-71523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-a-home","tag-mortgage"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What Is Private Mortgage Insurance (PMI)? | Redfin<\/title>\n<meta name=\"description\" content=\"PMI insurance protects lenders and it\u2019s often required if you put down less than 20%. Learn how PMI works, costs, and how to remove it.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/blog\/what-is-pmi-insurance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private Mortgage Insurance (PMI): What It Is, How It Works, and How to Get Rid of It\" \/>\n<meta property=\"og:description\" content=\"PMI insurance protects lenders and it\u2019s often required if you put down less than 20%. 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