How Does Mortgage Insurance Help Me? How Can I Maximize Its Benefit?

A smart lender or Loan Officer will tell you that Mortgage Insurance (MI) allows you to borrow more than 80% of the market value of a home. What this in fact means is that MI does absolutely nothing for you in terms of insuring you from losses. MI is meant to protect the lender from loss should you, the client, default on your mortgage.

Source: http://EzineArticles.com/6436257

mortgage refinancing loan rate mortgage refinancing loans 2nd mortgage