YOUR SOURCE FOR:
 MORTGAGE AND REFINANCING INFORMATION ON THE WEB

 

 

Mortgage-Refinance 411.com (Sold Sign)  
 
 

 

 
 

MORTGAGE INSURANCE

Mortgage insurance is insurance for the lender in the event that the borrower defaults on the loan. The cost for mortgage insurance is usually applied to the monthly payment made to the lender, Mortgage insurance is usually required in one form or another on all loans that have a loan-to-value higher than eighty percent. This can also be called private mortgage insurance for conventional loans (PMI).
 

 
 

 

 
 

With the guaranty of mortgage insurance, lenders are willing to accept as little as 5% or 10% down from borrowers.

 
 
 
 
       

 

 

Home / Find a Lender / Calculator / Disclaimer
Copyright 2006 mortgage-refinancing411.com  All Rights Reserved.