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Mortgage Insurance – Cazle Knowledge Bank
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Mortgage Insurance

Mortgage insurance (MI) is a financial protection for lenders against the risk of borrower default on a mortgage loan.

Helpful Articles

What is Mortgage Insurance?

Mortgage insurance (MI) is a financial protection for lenders against the risk of borrower default on a mortgage loan. It is typically required when borrowers make a down payment below a certain threshold, usually 20% of the home’s purchase price. Here are key points to understand about mortgage insurance: Purpose:... read more >

What is Private Mortgage Insurance (PMI) and How Can You Avoid Paying It?

Private Mortgage Insurance (PMI) is a type of insurance that lenders typically require when home buyers make a down payment of less than 20% of the home’s purchase price. PMI protects the lender in case the borrower defaults on the loan. Why is PMI Necessary? PMI is necessary for lenders... read more >
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