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catharin9 · Joined: 14 Jul 2009 Posts: 168 -0.14 Dollars($)

WHAT IS MORTGAGE INSURANCE?

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

Check this out

http://www.mortgagefit.com/terminology/

jonunderwood007 · Joined: 03 Sep 2009 Posts: 38 -0.40 Dollars($)

hi,

Mortgage insurance is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer

ross090909 · Joined: 04 Sep 2009 Posts: 82 -0.31 Dollars($)

Mortgage insurance is a policy. This policy is protecting lenders from losses. It's required primarily for borrowers making a down payment of less than 20%.

pettybob1 · Joined: 07 Sep 2009 Posts: 37 0.24 Dollars($)

its a policy that allows mortgage lenders to recover part of their financial losses if a borrower fails to full re-pay a loan. Mortgage insurance makes it possible to buy a home with as little as 5% down

smithsara302 · Joined: 12 Jun 2009 Posts: 116 -2.38 Dollars($)

this in benefit of lender or borrower?

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