Mortgage Insurance is one form of insurance that you take to cover your mortgage repayments in case of redundancy and illness. You might get redundant and the mortgage still needs to be paid. When you become ill and can't go to work for a while, the insurance will pay your mortgage until a certain amount of time. Sometimes the bank who lends you the money will ask you to have this insurance for their benefit as well and yours. At least you know that if you are made redundant or you become ill you got this insurance to cover your mortgage repayments. Hope this helps.
by ewigfall 7 years ago
can I get a reduction in my mortgage insurance permiumsI Have a fannie mae mortgage and pay $511/mo in insurance. I need a reduction
by crankalicious 22 months ago
On Friday, his first day in office, Donald Trump's administration reversed a decision that would have cut the FHA mortgage insurance premium, which would have saved the average home owner about $500/year. It was set to go in effect on Jan. 27 and has been suspended indefinitely.Are you happy about...
by edgreene 7 years ago
how to get mortgage insurance
by Max Zvyagintsev 6 years ago
My mum is a teacher, and she and one day she and I had a thought. This was after I'd just watched one of my lectures that I've missed on my computer. She thought how lucky students are today that they can listen and watch a recorded lecture and take notes if they'd missed a lecture of missed an...
by Melanie Palen 7 years ago
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