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What is Mortgage Insurance?

Typically, if a borrower makes a down payment less than 20% of the purchase price of the home on a conventional conforming loan, they will need the loan insured in some way.

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PITI mortgage payment thumbnail showing a home, calculator, and the four parts of PITI: principal, interest, taxes, and insurance.
Joe Knows Mortgages Minute

What is PITI?

PITI is an acronym for your payment and it stands for principal, interest, taxes and insurance.

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