kiyoshimies
Joined: 16 Jul 2013
Posts: 5
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 Posted: Tue Jul 16, 2013 9:54 am Post subject: Lenders Mortgage Insurance |
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Lenders mortgage insurance (LMI), which is also referred to as private mortgage insurance, is a type of coverage that benefits the lender of a mortgage. Lenders mortgage insurance prevents the lender from losing all of its investment if the borrower cannot repay his loan. In most cases, mortgage lenders require borrowers to pay for this type of insurance if they make down payments of less than 20 percent on their mortgages.
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indemnity insurance |
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