mortgage insurance

What is Mortgage Insurance?

Insurance

Mortgage insurance, unlike many other products in this market, has a fairly straightforward name.  For most people, the mortgage payment is the most significant monthly outgoing.  While all regular bills require payment if legal action is to be avoided, the mortgage also carries the extra weight of facilitating one of the three basics of survival, […]

How to Avoid Paying PMI

Insurance

Private mortgage insurance or PMI is an insurance policy issued by private insurance companies for the benefit of the lender. If the borrower’s home goes into a foreclosure and selling the home cannot recuperate the loan’s outstanding balance, the private insurance company that issued the PMI will recompense the lending company with the difference. Typically, […]