Mortgage Insurance (MI)

by Property Management Software on April 23, 2010

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Mortgage Insurance (MI) is an insurance that protects lenders against losses caused by a borrower’s default on a mortgage loan. Mortgage Insurance (MI) is typically is required if the borrower’s down payment is less than 20% of the purchase price.

This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Mortgage Insurance (MI) is brought to you by SimplifyEm Pay Rent Online and Property Management Software

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