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Everything You Need to Know About Mortgage Insurance

What is Mortgage Insurance? | Home Loan Information | Alex Doce

Mortgage insurance is a policy that protects lenders if you default on your loan. If you default, mortgage insurance will not pay the lender the entire balance but will cover their lost interest payments and administrative expenses. Foreclosure will take care of the rest.  Mortgage insurance may sound burdensome, but it serves a purpose. It […]