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What is Home Mortgage Insurance?

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24th Feb 2011 by admint

It is either a voluntary or non voluntary payment of a premium to protect a lender from loss of money and can be used in case of an emergency like death. If a borrower cannot pay the mortgage, the lender can foreclose the property and claim with the mortgage insurer for some or total of his losses.

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16th May 2010 In Mortgage 1 Answers | 347 Views

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