ShieldYourMortgage

Many homeowners confuse mortgage protection insurance (MPI) with private mortgage insurance (PMI). While both relate to your mortgage, they serve completely different purposes and protect different parties. Understanding the difference is crucial for making informed decisions about your home financing. What Is Private Mortgage Insurance (PMI)? PMI is required by lenders when you make a down payment of less than 20% on a conventional mortgage. It protects the LENDER—not you—if