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What You Need to Know about PMI

Private mortgage insurance (PMI) is a reality that is hard to escape, especially for first-time home buyers.  PMI does not give the borrower additional homeowners’ insurance coverage but rather protects a lender against loss if the borrower defaults on a loan, and enables borrowers with less cash to have greater access to home ownership. The cost is based on the type of mortgage product you secure, the amount  you borrow for your house and the amount of your down payment, and

How To Protect Your Home Mortgage Obligation

If you have a home mortgage, and a monthly payment that is dependent on your earned income, mortgage protection insurance is a cost effective way that can pay off your home mortgage or allow you to continue making your monthly mortgage payment even if you have no earned income. According to the department of housing and urban development, more than half of all home foreclosures are the result of either the death, or the disability of the homeowner. Because every year thousan