what is mortgage insurance (2022)

A mortgage lender or titleholder is covered by a mortgage insurance

policy in the event that a borrower fails on payments, dies, or

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is otherwise unable to uphold the mortgage's contractual duties.

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Private mortgage insurance (PMI), qualifying mortgage insurance

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premium (MIP) insurance, and mortgage title insurance are

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all examples of mortgage insurance

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The responsibility to make the lender or property

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holder whole in the event of particular loss is what unites these.

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