Why Mortgage Insurance?
Jim Papatheodore2019-01-18T17:29:40-05:00Mortgage insurance? What is it and why do you need it? For a lack of better words, mortgage insurance or PMI (private mortgage insurance) is really foreclosure insurance. It protects the mortgage lender against the borrower defaulting on the mortgage loan and will pay a certain percentage (coverage amount) towards the remaining balance in the [...]