Mortgage insurance (MI) is a policy mandated by lenders to protect them from losses if a home buyer defaults on their loan. When the mortgage provider goes to relinquish a home, they are unlikely to recoup the full remaining balance on the mortgage. MI applies to first mortgages where the home owners are financing greater than 80% of the purchase price of the property. There is customarily a lump …
Florida Luxury Homes from Sonny Solomon