Mortgage Insurance (MI)
An insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. This is required on FHA loans, and on any conventional loan with a starting loan-to-value of 80% or more.
An insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. This is required on FHA loans, and on any conventional loan with a starting loan-to-value of 80% or more.
Arizona Mortgage Broker #0909566 NMLS #144884
Marquee Mortgage, LLC
www.marqueemortgagellc.com