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