Brockport Lawyer
All lawyers of Brockport, NY or refine by the following practice areas
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Legal Term Highlighted
private mortgage insurance (PMI): Insurance that reimburses a mortgage lender if the buyer defaults on the loan and the foreclosure sale price is less than the amount owed the lender (the mortgage plus the costs of the sale). A home buyer who makes less than a 20% down payment may have to purchase PMI.
