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Mortgage Insurance

By |2020-11-18T12:10:30+00:00November 18, 2020||

An insurance plan that protects the lender if the borrower does not repay a loan. Mortgage insurance is required when a home buyer makes less than a 20% down payment at the time of purchase. [...]

Mortgage

By |2020-11-18T12:10:30+00:00November 18, 2020||

A legal document pledging property as security for the payment of a loan.

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