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

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 »

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 »

What is difference between home owners insurance and rental property insurance?

Other than home owners insurance covering your primary residence where you live and rental property insurance covering a home that you rent to others there are a few differences in types of coverag... 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 »