Tag Archives : pmi

Mortgage Insurance Basics

Mortgage Insurance Basics

Posted by on February 28, 2011 · 0 Comment

Mortgage Insurance is a kind of insurance that provides coverage to the lenders against the event when borrower may become default.

Filed in: Insurance
Buying a home without a Private Mortgage Insurance

Buying a home without a Private Mortgage Insurance

Posted by on January 13, 2010 · 0 Comment

PMI is not about protecting you at all. it’s about protecting the lender in case you default on your home loan. It diversifies that risk to a third party. PMI can vary but the general range is somewhere between half and one percent.

Filed in: Home & Condo Insurance
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