Understanding (And Avoiding) Private Mortgage Insurance

When you buy a house and have to borrow money from a mortgage lender, that lender will want to make sure there is adequate security (called equity) in the house. In the event you cannot make your monthly mortgage payments (i.e. are in default) and the lender has to foreclose on your property, they want to be able to re-sell the house and at least break even on the transaction. READ MORE

Via RealtyTimes

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