What exactly is PMI or Individual Financial Insurance coverage? Did you listen to that facts? You are aware, one about you must have a beneficial 20% advance payment to acquire a house? Turns out that’s actually untrue. But there’s you to caveat: If you are looking being a great homebuyer instead placing down 20%, you will probably need individual home loan insurance coverage (PMI). If this is very first date reading regarding PMI, otherwise you will be unsure what it…