Mortgage Knowledge Base 
Mortgage Glossary Mortgage Insurance
Mortgage Insurance
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Mortgage Insurance also known by the names MI or PMI (for private mortgage insurance) is an insurance provided by a private company that protects the mortgage lender by paying the costs of foreclosing. Facts about mortgage insurance: Mortgages are often backed by mortgage insurance, when borrower makes down payment, which is less than 20% of the sales price. It gives a safety guarantee to the lender, as it protects the lender if the borrower stops paying the loan. More References Debt consolidation loans UK – Debt consolidation loans, Personal Loan, Mortgages, Insurance, Credit Cards, Life & Pension, Investments, Finance Advice and Business Service from Seek.uk.com. |
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