Click on a question to see the answer. 1: Why do we need Lenders Mortgage Insurance for our Home Loan?
Lenders Mortgage Insurance protects the lending institution from the risks associated with underwriting mortgages. It is often the case that a Lender’s trustee (the body who “owns” the funds lent under a mortgage agreement) requires all mortgages to be covered by Lenders Mortgage Insurance. It is a form of protection that ensures the financial stability of the institution lending funds to you.
Related Questions
- Click the question to reveal the answer 1. What are the benefits of using Architect Your Home rather than going straight to a builder?
- Click on the questions below to expand and reveal the answer... How do I know what temperature setting to use with my humidifier?
- Click on a question to see the answer. 1: Why do we need Lenders Mortgage Insurance for our Home Loan?
