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Author Question: Which of the following is true of private mortgage insurance? (Read 29 times)

jCorn1234

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Which of the following is true of private mortgage insurance?


◦ It generally is required if the borrower makes a down payment of less than 20%.
◦ It costs $20 to $25 per year.
◦ It protects the borrower in the event that the lender goes bankrupt.
◦ It is another name for title insurance.


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Marked as best answer by jCorn1234 on Apr 14, 2019

jlaineee

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jCorn1234

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Reply 2 on: Apr 14, 2019
YES! Correct, THANKS for helping me on my review


Bigfoot1984

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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