Lenders Mortgage Insurance Guides

Private Mortgage Insurance

Private Mortgage Insurance

Private Mortgage insurance (PMI) is an insurance policy that compensates lenders or investors for losses due to default in payment or non-payment of the mortgage loan by the borrower. Private Mortgage insurance is usually required if the down payment is less than 20% of the price of the property. A Private Mortgage Insurance is also known as a Lenders Mortgage Insurance (LMI).

Home Insurance Glossary Of Terms
Home Insurance Glossary Of Terms

Home insurance can sometimes become complicated for people who are unaware of commercial terms an…

Insurance Declaration Page
Insurance Declaration Page

A homeowner’s declaration page is usually the first page of the insurance policy and provid…