Tag: Mortgage Insurance
Your Guide to Understanding Mortgage Insurance
When a home buyer takes out a new mortgage and has less than 20% down often times they will be required to provide mortgage insurance to the lender (exceptions exist when we’re able to provide “combination loans” which are fairly uncommon these days). Mortgage Insurance (also known as “mi” or “pmi‘) is insurance which covers [...]
Posted: July 22nd, 2008 under General Mortgage Info., Low Down-Payment, Mortgage Insurance, Mortgage Programs.
Tags: Mortgage Insurance
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