If you're buying a home and are borrowing more than 80% of the home's value, the mortgage must be insured. This insurance protects the lender against borrower default, and enables them to give you mortgage financing for the purchase of a home with as little as no money down.
Mortgage Insurance
I can arrange mortgage insurance from the following:
If your down payment is more than 20%:
If you are buying a home and are borrowing less than 80% of the home's value, a conventional mortgage where insurance is not required is typically chosen.
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