Hig-ratio Mortgage

Hig-ratio Mortgage

BUYING YOUR FIRST HOME; Mortgage Default Insurance

Mortgage default insurance Mortgage default insurance (sometimes called mortgage loan insurance) protects the mortgage lender in case you are not able to make your mortgage payments. It does not protect you. You must pay for mortgage default insurance if your down payment is less than 20% of the purchase price of your home. This is [...]

By |2017-01-04T01:02:25+00:00June 14th, 2013|Mortgage Tips|0 Comments