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P RE M I E R U N FIVE R SIT Y GUID E 2017We believe that connections through education are transformative for individuals, institutions and societies. An integral component of our mission is to meaningfully

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What is p re m i?

P re m i stands for Private Mortgage Insurance.

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P re m i is typically handled by the mortgage lender and is added to the borrower's monthly mortgage payment.

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The purpose of p re m i is to protect the lender in case the borrower defaults on the loan.

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P re m i usually includes the borrower's name, loan number, property address, and the amount of p re m i being paid.

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