what is mortgage insurance

What happens if you don’t pay mortgage insurance?
Mortgage insurance pays the lender a portion of the principal in the event you stop making mortgage payments. Meanwhile, you’re still on the hook for the loan if you can’t pay, and you could lose t

what is mortgage insurance

What college did Mary Ann Smith graduate from?
She is a graduate of Bryn Mawr College (A.B., history) and has an MFA in creative nonfiction fromBennington College.
When is PMI required?
PMI is usually requiredif a borrower gets a conventional loa

what is mortgage insurance

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What is mortgage insurance and do you need it?
You probably do not need mortgage insurance,and you probably should not buy itHere’s how to budget for buying a home,and all the other costs to consider.Here’s what you should know bef