home loans – mortgage refinance second mortage

February 23, 2009

What is private mortgage insurance and who gets the money when a person cannot fullfil their loan obligations?

Filed under: Insurance — Tags: Home Loan, Insurance, Loan Obligations, Loans, Money, Ppl, Private Insurance, Private Mortgage Insurance — admin @ 11:06 am

Jeanie S asked:


If you don’t put down 20% on a home loan you must pay Private Mortgage Insurance. So with all these loans going belly up why did ppl pay this and who took the money?

RALPH

Comments (6)

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