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Name What Is Mortgage Insurance?
Description Like the video shows, mortgage insurance is a policy that protects lenders against some or most of the losses that result from defaults on home mortgages. <br><a href="https://www.texasfile.com">www.texasfile.com</a>
Thumbnail URL https://embed-ssl.wistia.com/deliveries/327e74aba7dcd8b8d...
Embed URL https://fast.wistia.net/embed/iframe/m4f5kgs5mq
Duration PT53S
Upload Date 2021-04-13T15:49:35+00:00
Transcript
What Is Mortgage Insurance? Mortgage insurance is a policy that protects lenders against some or most of the losses that result from defaults on home mortgages. Like home or auto insurance, mortgage insurance requires payment of a premium, is for protection against loss, and is used in the event of an emergency. If a borrower can't repay an insured mortgage loan as agreed, the lender may foreclose on the property and file a claim with the mortgage insurer for some or most of the total losses. You generally need mortgage insurance only if you plan to make a down payment of less than 20% of the purchase price of the home.
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What Is Mortgage Insurance?

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