Mortgage Insurance vs. Homeowners Insurance: What You Need to Know Before Buying a Home
1.Understanding Mortgage Insurance: The Basics Mortgage Insurance, commonly referred to as Private Mortgage Insurance (PMI), is an insurance policy specifically designed to protect your lender if you’re unable to make mortgage payments. Here’s the breakdown of what it covers, when it’s required, and how you can potentially avoid it. 2. How Much Does Mortgage Insurance … Read more