What is property mortgage insurance?

Answer Property mortgage insurance (MI) is a type of insurance that protects the lender's interest if the borrower doesn't pay back the loan. Although this insurance is for the lender's protection, it is ... Read More »

Top Q&A For: What is property mortgage insurance

North Carolina Commissioner of Insurance If refinancing a condo do I have to insure my condo for the full mortgage amount or only my the personal property and proof of HOA Master Policy?

Your board or your management company can help you determine how much personal property insurance you need to carry in your HO-6 policy, depending on the coverage available to you in the master ins... Read More »

If a property management company doesn't have a renter for a property who is responsible for the mortgage payment The property management company or the landlord?

That is correct. The landlord is responsible for the mortgage payment as the investment property is ultimately his (name on the deed). And I also agree with the advice given below. A competent and ... Read More »

Can a Bank Require Mortgage Insurance on a VA Mortgage?

Private mortgage insurance is a type of insurance product that most homeowners are forced to purchase in order to protect their lender. This insurance coverage is required in case the borrower goes... Read More »

How to Get a Second Property Mortgage?

You can get a second mortgage by using your house as collateral to borrow money against it. A second mortgage used to carry a stigma of experiencing financial hardships, but according to MortgageLo... Read More »