Real estate blog entries tagged with mortgage insurance by David Hill PhD,ePro,SFR,CIAS,BPOR,CNE Chicago Real Estate Agent (Midwest Premier Realty, Gurnee IL 224-321-0699)

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Home : Blogs : David Hill PhD,ePro,SFR,CIAS,BPOR,CNE Chicago Real Estate Agent : David Hill PhD,ePro,SFR,CIAS,BPOR,CNE Chicago Real Estate Agent's Blog : Tag "mortgage insurance"

mortgage insurance: Mortgage Insurance: What You Need to Know - 01/21/12 10:31 PM

Mortgage insurance is a topic that often baffles home buyers.
They want to know how it works, and they wonder if they really need it.
Mortgage insurance is what buyers pay to lenders to ensure against default on their mortgages. It's there for the lenders protection.
Such insurance may be required on both conventional and Federal Housing Administration (FHA) mortgages.
In a conventional mortgage, insurance is required on both purchases and refinances where there is less than 20% equity in a property. Credit scores also come into play, with less-risky borrowers paying lower premiums than riskier buyers.
Credit really is king … (1 comments)

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David Hill PhD,ePro,SFR,CIAS,BPOR,CNE Chicago Real Estate Agent

Gurnee, IL

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Midwest Premier Realty, Gurnee IL 224-321-0699

Address: Gurnee, IL, 60031

Office Phone: (224) 321-0699

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