An insurance policy that protects the mortgage lender from loss in the event the borrower defaults on the loan; typicall
Posted: Thu Jul 21, 2022 8:56 pm
An insurance policy that protects the mortgage lender from loss in the event the borrower defaults on the loan; typically required by lenders when the down payment is less than 20%.
A. Private mortgage insurance
B. Public mortgage insurance
C. Down payment
D. Loan to value ratio
A. Private mortgage insurance
B. Public mortgage insurance
C. Down payment
D. Loan to value ratio