In Lender-Paid Mortgage Insurance (often abbreviated LPMI), the borrower either pays a fee up front when they get the mortgage or accept a higher interest rate and the lender will pay for the borrower's mortgage insurance.
In Lender-Paid Mortgage Insurance (often abbreviated LPMI), the borrower either pays a fee up front when they get the mortgage or accept a higher interest rate and the lender will pay for the borrower's mortgage insurance.