Mortgage Insurance (MI)

What is it? Insurance that protects a mortgage lender against loss in the event of default by the borrower. This insurance allows lenders to make loans with lower down payments (loan-to-value ratios above 80 percent - that is, when a down payment is less than 20 perc

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We hope you now understand the meaning of Mortgage Insurance (MI). If you need any more information on this term, please don't hesitate to contact us.