Private Mortgage Insurance or Insurer(PMI). These are privately-owned companies that provide mortgage insurance. They offer both standard and special affordable programs for borrowers. These companies provide guidelines to lenders that detail the types of loans they will insure. Lenders use these guidelines to determine borrower eligibility. PMI's usually have stricter qualifying ratios and larger down payment requirements than the FHA, but their premiums are often lower and they insure loans that exceed the FHA limit.
Be sure to test your back up generator every year, especially prior to the cold seasons when it is imperative it work. Also check the oil level, spark plug and fuel filter as prescribed by the owner’s manual.