While all loans by nature are risky, borrowers who put 20 percent down, or who refinance with 20% equity in their homes, are considered to be good risks. They have “skin in the game” that they don’t want to lose and that helps protect the lender, too. One of the services that enables borrowers to buy homes without making large down-payments is mortgage insurance.
Use Mortgage Insurance to Buy a Home Sooner
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