Houtan HormozianExpert on Real Estate, Finance and PropTech

What Is PMI? Here's What Every Homebuyer Should Know

4 Jul 2026 · 1 min

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This content was created by Houtan Hormozian. This content was uploaded by Houtan Hormozian. This is a YouTube video titled "What Is PMI? Here's What Every Homebuyer Should Know" (created 2026-07-04). It contains a short informational/marketing clip with a single presenter (labeled SPEAKER A) explaining Private Mortgage Insurance (PMI): that it’s typically required on conventional loans with less than 20% down, can often be removed once the borrower reaches about 20% equity, and may end automatically depending on loan terms. The excerpt ends with a call-to-action for prospective homebuyers.

Here's something many homebuyers don't realize about PMI. PMI stands for Private Mortgage Insurance. It's usually required on a conventional loan when your down payment is less than 20%. The good news is, it doesn't have to last forever. As you build equity in your home, you may be able to request that PMI be removed once you reach about 20% equity. In some cases, it can also end automatically based on the terms of your loan. Thinking about buying a home? Give us a call.