by 
MistyC
ANSWERS: 4
-
Banks and mortgage lenders buy insurance in case home buyers cannot pay their mortgages for whatever reason. It is a protection for them against default of loan mortgage.
-
Insurance that will pay your mortgage if you cannot.
-
MORTGAGE INSURANCE COVER THE MORTGAGE PAYMENTS IF SOMETHING HAPPENS TO YOU, WHERE YOU CANT WORK. ITS YOUR CHOICE WHETHER YOU WANT IT OR NOT.
-
Mortgage Insurance (also known as mortgage guaranty) is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer. http://en.wikipedia.org/wiki/Mortgage_insurance
HoboJoe RELATED QUESTIONS
Copyright 2023, Wired Ivy, LLC