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Private Mortgage Insurance: An Important Issue for Home Buyers

Private Mortgage Insurance: An Important Issue for Home Buyers

This is a discussion on Private Mortgage Insurance: An Important Issue for Home Buyers within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Private bmortgage/b insurance, or PMI as it is commonly called, is a form of insurance that is designed to provide ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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11-22-2008, 10:32 PM

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Private Mortgage Insurance: An Important Issue for Home Buyers

Private bmortgage/b insurance, or PMI as it is commonly called, is a form of insurance that is designed to provide protection for the lender against non-payment, should the borrower default on a bmortgage/b loan. The primary benefactor of b.../b

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buyers, home, important, insurance, issue, mortgage, private

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