Question
What is Home Mortgage Insurance?
Interesting Question? 
(6) 
(9)
(6) (9)
Answers (1)
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.
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.
Like This Answer? (0) (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com
(0) (0)
16th May 2010 In Mortgage
1 Answers | 66 Views
Subjects: home mortgage insurance,