Posted on: 31st Aug, 2009 10:40 am
WHAT IS MORTGAGE INSURANCE?
Check this out
http://www.mortgagefit.com/terminology/
http://www.mortgagefit.com/terminology/
hi,
Mortgage insurance is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer
Mortgage insurance is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer
Mortgage insurance is a policy. This policy is protecting lenders from losses. It's required primarily for borrowers making a down payment of less than 20%.
its a policy that allows mortgage lenders to recover part of their financial losses if a borrower fails to full re-pay a loan. Mortgage insurance makes it possible to buy a home with as little as 5% down
this in benefit of lender or borrower?