mortgage insurance: Why exactly do lenders require mortgage insurance even with a 20% down payment? - 03/09/12 07:55 PM
We know if you don't have a 20% down payment lenders require mortgage insurance.  But why?  Also why do FHA loans carry mortgage insurance even with a 20% down payment?  Find out why in this short video.  If you know anybody that could benefit from this video please forward them this link.  Thanks!
 
 

Raleigh mortgage broker - Raleigh home loans - mortgage insurance
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mortgage insurance: Raleigh mortgage brokers explain mortgage insurance - 03/05/12 12:34 PM
Mortgage insurance is a confusing term to many first time home buyers.  Watch this short video explaining what mortgage insurance is.  Because of our licensing we are both a Raleigh direct lender and also a Raleigh mortgage broker. Visit our webiste: Raleigh Home Loans.
 
 

Raleigh mortgage broker - Raleigh home loans
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mortgage insurance: A simple explanation of PMI- Private Mortgage Insurance - 10/21/10 03:34 PM
PMI is an insurance policy.  The letters stand for Private Mortgage Insurance.  This insurance policy pays a lender for financial losses in the event a home is foreclosed.
If you had a small down payment and foreclosed the lender would suffer huge losses. Homes with 20% or more in equity usually have enough money for a lender to cover expenses to sell a foreclosed home.  Conventional loans with a 20% down payment do not require PMI.
Why not just call it mortgage insurance?  The government also insures mortgages. FHA, VA and USDA loans are all insured by the US government.  … (6 comments)

 
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