Tag Archives: Appraised value

What Is Mortgage Insurance and What Does It Do for Me?

Written by: - February 11, 2009

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What Is Mortgage Insurance and What Does It Do for Me?

There seems to be a lot of misunderstanding and many misconceptions around what mortgage insurance (MI for short) actually does. Mortgage insurance is typically required on mortgage loans where the amount borrowed is 80% or more of the appraised value. The other distinguishing characteristic of mortgage insurance is it can be expensive.

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