insurance: Information On Financed Mortgage Insurance
- 05/14/15 07:55 AM
Mortgage insurance (MI) protects lenders against home owners defaulting on loans. It is generally required by a lender on loans where the borrower puts down less than 20% and is normally due monthly. For price restrictive home buyers, monthly premiums for MI may create a hardship. Financed MI is a alternative to monthly payments. In this blog you will find information on financed mortgage insurance. Information On Financed Mortgage InsuranceFinanced MI enables a borrower to cover the insurance cost up-front and basically include the cost into the balance of the home loan. It is available on both fixed and adjustable rate loans. … (0 comments)
Mortgage insurance (MI) protects lenders against home owners defaulting on loans. It is generally required by a lender on loans where the borrower puts down less than 20% and is normally due monthly. For price restrictive home buyers, monthly premiums for MI may create a hardship. Financed MI is a alternative to monthly payments. In this blog you will find information on financed mortgage insurance.
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